Standard Charted: Bitcoin outperforms gold as a hedge – major visions of encryption traders | Flash news details

In a pioneering statement sent ripples across the financial world, Standard Charterd, a leading international banking group, announced on October 23, 2023, at 10:00 am International time, that Bitcoin goes beyond gold as a hedge against traditional market fluctuations (Source: standard press statement, October 23, 2023). This bold confirmation comes at a time when Bitcoin (BTC) recorded a 5.2 % price increase within 24 hours, reaching $ 34500 by 11:00 am UTC on the same day, as reported by Coinmarketca data. BTC trading volume increased by 18.7 % during this period, as more than $ 25 billion in transactions were recorded via major stock exchanges such as Binance and Coinbase (Source: Coinmarkketcap, October 23, 2023). BTC/USD pair has witnessed a significant bullish momentum, with a rise of $ 34,800 at 2:00 pm UTC, while BTC/ETH maintained stability at 18.5 ETH per BTC on Binance in the same time chronological (Source: Binance Trading Data, October 23, 2023). Standard Hartreed analysis highlights the increasing Bitcoin’s attractiveness as “digital gold” amid economic uncertainty, indicating its decentralized and limited normal nature. The scales on the series support this narration, as Glassnode data indicates a 12 % increase in Bitcoin portfolio addresses that carry more than 1 BTC as of October 23, 2023, at 8:00 am International time, which reflects the increasing investor confidence (Source: Glassnode analyzes, October 23, 2023). This statement also coincides with a noticeable increase in institutional interest, as the future interest of Bitcoin on CME increased by 9.4 % to $ 3.2 billion by 3:00 pm UTC on October 23, 2023 (Source: CME Group Data, October 23, 2023). These measures collectively emphasize the advanced role of bitcoin in the diversification of the governor, especially since the gold prices remained relatively stagnant at $ 1980 an ounce during the same time frame (Source: Bloomberg Golden Index, October 23, 2023). For traders looking for “Bitcoin Vs Gold Hedge 2023” or “the best inflationary hedge currency, this development indicates a pivotal transformation in the market perception.

Backing into commercial effects, can stimulate the support of Standard Charged at 10:00 am International time on October 23, 2023, more bullish momentum of bitcoin, especially in pairs such as BTC/USD and BTC/BTC/USDT, which recorded 10.5 billion dollars and $ 8.3 billion, respectively on Binance and OKX 2023). This news directly affects the morale of the market, as the social media stated 35 % on the platforms such as Twitter within six hours of the advertisement, as followed by Lunnersh at 5:00 pm UTC (Source: Manarrush Social Metrics, October 23, 2023). For merchants, this offers opportunities to benefit from short -term prices, especially since Bitcoin’s association with traditional safe armed assets such as gold weakens, as it decreased to 0.22 of 0.38 a month, according to Kaiko data at 6:00 pm your home on October 23, 2023 (Source: Research Kaiko, 23 October, 2023). In addition, the activity on the series shows a 15 % increase in the volume of bitcoin transactions, as it reached 450,000 transactions per day starting at 7:00 pm UTC, indicating the use of strong network and the possibility of continuous price growth (Source: Blockchain.com measures, October 23, 2023). Although this news is not directly connected to the symbols related to the prosecution, the feelings of the broader encryption market can raise CryTover Ai-Crypto projects such as Fetch.ai (Fet), which saw an increase in the price of 2.1 % to $ 0.23 by 8:00 pm UTC (Source: Coingecko, October 23, 2023). Traders looking to “Bitcoin 2023 trading strategies” or “hedge against inflation” must monitor institutional flows and retail feelings closely to get the optimal entry and exit points.

From a technical perspective, Bitcoin price procedures after implementation show a clear outbreak above the resistance level of $ 34,000, with peak at 34,800 dollars by 2:00 pm UTC on October 23, 2023, according to Binance Plans (Source: Binance Trading Data, October 23, 2023). The RSI is hovering for BTC/USD in 68 years, indicating conditions of the peak of purchase, but it continued to go up with the bullish momentum from 9:00 pm UTC (Source: TradingView indicators, October 23, 2023). Via the 50-day moving average over the 200-day moving average at 1:00 pm UTC, and it constitutes a golden cross-a strong purchase sign for long-term traders (Source: TradingView scheme analysis, October 23, 2023). Size analysis reveals an increase of 22 % in the immediate trading volume of BTC/USDT, with a total of $ 12 billion via main stock exchanges by 10:00 pm UTC, which enhances the strength of this upward trend (Source: CoinmarketCAP size, October 23, 2023). The scales on the series of Glassnode show a 10 % increase in the achieved bitcoin fluctuations, measured at 7:00 pm UTC, indicating the possibility of acute price fluctuations in the near -term (Source: Glass Flipat Index, October 23, 2023). For those looking for “Bitcoin Prices Predictions 2023” or “Technical Analysis BTC Today”, these indicators indicate a continuation of upward trends, although traders should remain cautious about excessive signals in their arrest. Although it is not directly linked to the developments of artificial intelligence, the increase in market activity can indirectly enhance the platforms and solutions of the AI, which may increase the trading volume of symbols such as Singularitynet (AGIX), up to 1.8 % to $ 0.19 by 11:00 pm UTC (Source: Coinmarkccap, October 23, 2023). This comprehensive analysis aims to provide merchants with implementable visions in the role of Bitcoin as a superior hedge, as it is in line with research intentions such as “the best encryption to diversify the wallet” or “Bitcoin Market Analysis” 2023.

Common Questions section:
What does the Standard Charterd statement on Bitcoin for merchants mean?
The Standard Charterd advertisement on October 23, 2023, at 10:00 am UTC, puts Bitcoin as a stronger hedge of gold, which may lead more institutional and retail investment to BTC, and it is clear from the price increased by 5.2 % to 34500 dollars by 11:00 am International time (Source: CoinmarkketCAP, October 23, 2023).

How to interact Bitcoin trading with this news?
After this announcement, the Bitcoin trading volume increased by 18.7 %, reaching more than $ 25 billion through the main stock exchanges by 11:00 am UTO on October 23, 2023, indicating the interest of the strong market (Source: Coinmarkcap, 23 October 2023).