Massive interventions in the economy send the price of gold to the moon
1 min readThe biggest stimulation of the economy in history is taking place. Stock prices are rising and breaking away from what can be seen outside. In addition to Bitcoin, gold also reacts, which has managed to climb almost to historical values.
Gold is growing and is almost at historical values
The growth of gold is a regular phenomenon that occurs after the US government intervenes in the market. Investors are trying to protect themselves against inflation.
For example, if we do not take inflation, the metal was at the highest price in 1980 after President Jimmy Carter stimulated the economy during the crisis.
Bitcoin and Ethereum broke the levels
Digital assets are experiencing the same growth. Both Bitcoin and Ethereum have broken through their levels and are growing steadily. Bitcoin is trading at $ 9,600 at the time of writing. It seems that the bulls will try to test the magic limit of 10,000 USD again.
Alternative cryptocurrencies took advantage of the situation and began to wake up again. For example, LINK got up to 8 US dollars. Another strong token of recent days is Cardano, which is taking advantage of innovations in the form of the next phase of Shelley’s development.
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