The cryptocurrency is starting to trade more like gold rather than riskier assets such as stocks, enhancing its appeal in times of financial stress, analysts say.
MST Marquee believes companies will start downgrading earnings at the Macquarie conference in two weeks which will fuel another leg lower for the sharemarket.
An exodus from American investments has swiftly pushed bullion back to a record level as the precious metal solidifies itself as the “premier” safe asset.
The world’s largest asset manager has told advisors that its multi-asset division is lowering its allocation to local equities despite a long market slump.
One month on from the launch of Donald Trump’s failed token, meme coin traders are facing a fresh scandal that could kill the hysteria once and for all.