The leading cryptocurrency by market value, widely considered digital gold due to its finite supply, remains listless above $29,000, extending its multi-week dull price action. Bitcoin was one of the preferred safe havens during Turkey’s currency crisis of 2021. Gold, meanwhile, hit a seven-week low of $1,896 per ounce on Tuesday and traded around $1,905 at press time.
Source: https://www.coindesk.com/markets/2023/08/16/bitcoin-vapid-gold-weakens-as-russian-ruble-and-argentinian-peso-crash/?utm_medium=referral&utm_source=rss&utm_campaign=headlines