Safe Haven Rivals Bitcoin And Gold Notices Bearish Movement

[Paglamon]

A few weeks ago, the price of Bitcoin topped near $10,000, after that, it started experiencing bearish flow and the recent fall is the most important of that flow.

On May 20, a rumour spread around the crypto space that recent movement of the 50 BTC has been transferred from an account which possibly belongs to Satoshi Nakamoto. Some of the traders were provoked with this news and decided to use the local highs for earning profit.

Recently, as the spot price of the Gold reached a seven-year high, it demonstrated the same kind of feature like Bitcoin. On May 21, during its closing, Gold falls by 2.25 from the local high of $1,765.30.

According to the researchers, the trade conflict between the US and China which has been rising regularly and the confusion regarding the full economic recovery are the reasons investors moving towards cash.

When do you think 10k will be?