Bitcoin price has shared a positive correlation for a long time with one of the most important investment vehicles in the world - Gold. But over the past couple of weeks, this position changed, and with the economy growing weaker, the precious metal seems to be taking a hit, which is playing in favor of the cryptocurrency.

Litecoin price coils less than 1,000 blocks away from the LTC halving event

Litecoin is inching closer to the most anticipated event, its halving, scheduled to occur on August 2. The altcoin’s price sustained above the $90 psychological barrier, ahead of the mining reward being slashed in half.

First mover Americas: Bitcoin starts august in the red after losing ground in July

Bitcoin (BTC) starts August losing ground, declining 2% Tuesday morning to add to July’s 4% retreat. The price dropped to as low as $28,800, its weakest level since mid-June, while altcoins took a larger hit with Solana’s SOL falling 5%, Optimism’s OP 8% and Stellar XLM 6%. The broad CoinDesk Market Index (CMI) is off 1.9%. In traditional markets, U.S. stock futures retreated slightly from 16-month highs as caution prevailed after a five-month winning streak. The pull back came after a number of companies reported disappointing second quarter earnings.