Bitcoin the new safe haven

25 April 2018 / JSE Market Updates Posted by: Odwa Magwentshu

As we saw in the market where the DXY (Dollar index) continued to strengthen to reach 3 month highs, American markets came off by more then 1%. Historically investors would pile into precious metals such as Gold however, we have seen gold price dip and remained relatively flat yesterday. The crypto currency climbed yesterday by $763.7 which could indicate that investor behaviour is now leaning towards Bitcoin.

All this and more in our morning market podcast:

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