Gold and Bitcoin Reverse Direction as Treasury Yields Jump – BeInCrypto

The value of gold and Bitcoin reversed direction late Tuesday, as increases in Treasury issuances have driven yields higher. Gold prices saw the largest single-day drop in seven years, after hitting new all-time highs above $2,000.

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Bitcoin Correction Begins: How Much The Prices Can Fall This Time? – Bitcoinist.com

The much-anticipated correction in Bitcoin (Ticker: BTCUSD) has begun. But, according to veteran trader Jonny Moe, it is no reason for bulls to mourn.
The analyst projected the benchmark cryptocurrency’s rally to resume after daytraders secured their short-term profits at $12,000.

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CoinShares: ‘Bitcoin Is Like a Risky Tech Stock’’

Bitcoin acts more like a tech startup stock than digital gold — with investors reaping big rewards if it works but potentially losing everything if the crypto asset fails.
That’s the conclusion of an Aug. 10 report from digital asset manager CoinShares titled A Little Bitcoin Goes a Long Way.

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