Bitcoin’s (BTC) value relative to gold (XAU) may be poised for a steep 35% drop as it mirrors historical bear market signals and reacts to massive turbulence that has wiped out $13 trillion from the US stock market. Bitcoin’s breaks below key gold support As of April 22, the BTC/XAU ratio had closed below its 50-period exponential moving average (50-period EMA; the red wave) on the two-week chart for the first time since April 2022. BTC/XAU two-week performance chart. Source: TradingView Historically, a decisive close below the 50-period EMA has…
Tag: 13T
First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K
A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users. Source
Metaverse-Related Economy Could Be as Much as $13T: Citi
The bank’s analysts identified early investment opportunities that could benefit from the growth of the digital world. Source
Citi Sees Metaverse Economy as Large as $13T by 2030
CryptoX – Cryptocurrency Analysis and News Portal The total addressable market (TAM) for the metaverse economy could be between $8 trillion to $13 trillion by 2030, with up to five billion users, but getting to that market level is going to require sizable infrastructure investment, Citi said in a report on Thursday. Original Source The post Citi Sees Metaverse Economy as Large as $13T by 2030 appeared first on CryptoX. CryptoX Portal