Tag: Gold

Tether integrates USDT and Tether Gold into Opera’s MiniPay wallet

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Tether has integrated USDT and Tether Gold (XAUt0) into MiniPay, Opera’s stablecoin wallet, aiming to help millions in emerging markets access stable, dollar- and gold-backed value, the companies announced Monday. With USDT’s $186 billion market cap, users can send, receive, and hold digital dollars without blockchain complexity, Tether stated. Meanwhile, Tether Gold offers a gold-backed, inflation-resistant savings option. Built on the Celo blockchain, MiniPay’s mission is to bring fast, affordable, and user-friendly digital payments to millions of users across emerging markets. Starting in Africa, the wallet has expanded to over…

SOL Falls To $95 As Bitcoin, Gold, Silver Sell-off: What’s Next?

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Key takeaways: SOL fell to 2026 lows as tech sector layoffs and artificial intelligence revenue concerns hit markets. Despite the bleak environment, Solana outpaced competitors with network fees jumping 81%, securing its vice-leadership. Solana’s native token, SOL (SOL), traded down to $100.30 on Saturday, reaching its lowest levels since April 2025. While the 18% price correction over 30 days took traders by surprise, the movement largely mirrored broader altcoin market capitalization trends. A 26% crash in silver prices on Friday further prompted cryptocurrency traders to brace for additional downside. SOL/USD…

Gold Takes the Lead as Dollar Slides, BTC Recast as Companion

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Bitcoin (BTC) has long been promoted by its most ardent supporters as a hedge against monetary debasement, but as the US dollar slides to multi-year lows, the market’s clearest flight to safety is emerging elsewhere: in gold. Over the past year, investors have rediscovered the precious metal through both traditional channels and blockchain rails. Tokenized gold products like XAUt are gaining traction alongside spot prices, offering digital-native exposure to a centuries-old safe haven as inflation concerns and currency stress intensify. Bitcoin is still very much in the picture, though increasingly…

Silver plunges over 20% as gold extends selloff after record highs

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Profit taking accelerates as stronger dollar and Fed leadership shift weigh on metals. Gold and silver extended their sharp declines today, deepening a correction that began after both metals surged to record highs earlier in the week. Gold, which topped $5500 for the first time on Wednesday, fell further below the $5000 level, while silver extended losses to more than 20%, sliding to around $92 an ounce. The selloff followed a broad risk-off move on Thursday that hit stocks, crypto, and commodities. Gold plunged about 5% on Thursday to near…

El Salvador stockpiles gold, Bitcoin amid market jitters

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El Salvador’s Central Reserve Bank (BCR) said Thursday it bought 9,298 troy ounces of gold worth $50 million, its second gold purchase since 1990 and the first this year. El Banco Central de Reserva realizó una nueva adquisición de 9,298 onzas troy de oro en los mercados internacionales, equivalentes a US$50 millones, como parte de su estrategia de incremento en las tenencias de este metal. pic.twitter.com/1GD7H4Bd0X — Banco Central de Reserva (@bcr_sv) January 29, 2026 The acquisition follows El Salvador’s purchase of $50 million worth of gold in September 2025,…

Gold and silver slide after record highs as profit-taking hits metals and markets

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Sharp pullback erases trillions in value as broader selloff weighs on risk assets. Gold and silver fell sharply today, reversing from record highs as investors locked in profits following an extraordinary rally in precious metals. Gold dropped nearly 5% to around $5,100 after topping $5,500 a day earlier, while silver slid about 10% to near $107 after surging to $120 in early trading. The pullback wiped out an estimated $2.7 trillion in gold market value and roughly $800 billion in silver. Gold remains up about 20% over the past month,…

Bitcoin slides to $85K as global selloff sweeps stocks, tech, and gold

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Bitcoin fell more than 4% to around $85K as a broad risk-off move swept global markets, with the leading digital asset dropping alongside equities, tech stocks, and gold. The S&P 500 declined over 1% while the Nasdaq slid more than 1.8%, with US equities opening sharply lower following a steep drop in Microsoft shares. Microsoft fell about 11% after its earnings report, dragging the broader technology sector lower. Tesla dropped around 2%, Google slipped roughly 2.5%, and Nvidia fell about 1.5%. The selloff extended beyond equities. Gold, which topped $5,500…

Hang Seng Taps Ethereum for Planned Tokenized Gold Fund Units

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Hang Seng Investment Management has rolled out a new physically backed gold exchange-traded fund (ETF) in Hong Kong, with an option for future tokenized access to the asset. The Hang Seng Gold ETF, which began trading on the Hong Kong Stock Exchange on Thursday under stock code 3170, is designed to track the LBMA Gold Price AM, the widely used morning benchmark set in London. The fund is structured as a passive ETF and holds physical gold bars that meet London Bullion Market Association good delivery standards, according to product…

Gold Almost Adds Bitcoin’s Market Cap in a Day

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Bitcoin traded down on Wednesday as gold rallied 4.4% over 24 hours, adding a massive $1.65 trillion to its market cap in a single day.  Gold breached $5,500, bringing it to a new all-time high, while its total market cap rose to $38.77 trillion, with the single-day increase nearly matching Bitcoin’s (BTC) $1.75 trillion market cap, Infinite Market Cap data shows. Silver is on a tear too, having rallied 21.5% over the last week to a $6.6 trillion market cap, further expanding its lead on Nvidia — the largest publicly…

Gold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

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Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to exert pressure. Fundstrat managing partner Tom Lee said on CNBC that cryptocurrencies should rise on a weaker dollar, but traders have responded by continuing to pile into gold and silver. Lee suggested that crypto is…