NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

No Haven Safe: Silver, Gold and Other Precious Metals Nosedive Alongside Bitcoin

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
gold silver palladium platinum bitcoin precious metal crypto safe haven

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Amidst an economic crisis, precious metals like gold and silver often act as a safe haven for capital, while other assets fall in value.

However, growing concerns over the coronavirus and a possible recession in the near future have created such hysteria and panic, that not even silver, gold, platinum, palladium and other precious metals are proving to be a safe haven for investors during a time of crisis.

Safe Haven Assets Aren’t Safe From Spreading Fear and Panic

Certain attributes shared between Bitcoin and precious metals caused a safe haven narrative to take off around Bitcoin in early 2019, as the asset began to rise in value alongside gold – the undisputed king of safe-haven assets.

But as the coronavirus turned from new discovery to a global pandemic, Bitcoin has been collapsing, putting an end to the safe haven narrative.

Related Reading | Silver, Gold and Bitcoin: Even Safe Haven Assets Cannot Withstand The Coronavirus

And while a potential recession on the horizon and investors fleeing the stock market in droves typically translates to an increase in value in gold, silver, platinum, and palladium, the recent fears have caused these assets to nosedive in value as well.

It seems no safe-haven asset is safe from the widespread impact of the coronavirus.

Precious metals are the new Bitcoin pic.twitter.com/KUOilIGP3H

— RJ (@RJ_Killmex) March 16, 2020

Gold, Silver, Platinum, and Palladium Crushed By Coronavirus Panic Selloff

Gold recently hit a high of $1,700 – the highest value since the last recession – but later the stock market collapse set the gold rally back nearly a year to $1,450 at the low.

Silver peaked at nearly $19 in 2020, but the selloff has erased all gains in the asset since the last recession hit in 2008.

Platinum also tanked, falling to prices not seen since 2004, dropping from over $1,000 to $575 at the low.

Palladium, which recently set an all-time high at $2,900, saw its parabolic advance get broken, and an immediate crash to $1,500. The fall nearly wiped out half of the asset’s value in just a few short days.

Comparing these charts to Bitcoin, and taking into consideration the fact that these precious metals have been trading for centuries next to the digital asset’s short ten years, suggests that the first-ever cryptocurrency isn’t doing all that bad after all.

Related Reading | Stock Market, Bitcoin, and Gold: Everything Is Collapsing Together

It also suggests that while the coronavirus remains at such a critical level, no market is safe for capital during the current economic climate and emotional state the public is in.

Until the outbreak is kept at bay and the economy shows signs of recovery, these safe-haven assets could very well suffer for the foreseeable future as the world hunkers down for what could be the worst recession the world has ever seen.

Featured image from Shutterstock
Tweet123Share232ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

solaxy layer 2

Ste zamudili Solano leta 2020? Ne zamudite njene prve rešitve Layer-2

Ali Solana potrebuje rešitev Layer-2, kot je Solaxy? Z rastjo verige se pojavlja potreba po večji razširljivosti. Še en dan,...

Alenka Kovač 1 hour ago
Nová kryptomena mení pravidlá hry ako možná alternatíva k Bitcoinu

Nová kryptomena mení pravidlá hry ako možná alternatíva k Bitcoinu: „Skutočná inovácia“

V čase, keď klimatická kríza prestáva byť len témou pre vedcov a začína ovplyvňovať každodenný život bežných ľudí, sa čoraz...

Kováč Martin 1 hour ago
Vietnam legalizuje kryptomeny a Saylor radí Pakistanu s blockchainom

Vietnam legalizuje kryptomeny a Saylor radí Pakistanu s blockchainom: Najlepšie altcoiny na nákup

Globálny kryptomenový trh zažíva dynamické zmeny, pričom kľúčové regulačné posuny a strategické poradenstvo na najvyššej úrovni signalizujú rastúce prijatie digitálnych...

Kováč Martin 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels

Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels

Sebastian Villafuerte 5 minutes ago

알트레이어(ALT), 업비트 원화·USDT 마켓 신규 상장

Soyeon Lee 21 minutes ago
트럼프 ‘5,740만 달러’ 암호소득 모방하려면? 스테이킹 등 보상 중심 유망 알트코인은?

트럼프, 가상화폐 투자로 780억 원 수익 신고… 다음 유망 투자처는?

Soyeon Lee 29 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • 仮想通貨プレセール注目プロジェクト|ビットコイン連動の新トークンが脚光を浴びる

    ...

    39 minutes ago
  • 仮想通貨おすすめ|話題のレイヤー2プロジェクト、5,300万ドル調達でプリセール最終段階へ

    ...

    52 minutes ago
  • 新しい仮想通貨が急成長中のプレセールで100万ドル突破|今買うべき注目の格安トークンか?

    ...

    1 hour ago
  • ビットコインがAmazon・Tesla・Metaの合計を超えるも、次はミームコインにさらなる伸びしろか

    ...

    1 hour ago
  • アルトコインで100ドルが1万ドルに?ビットコイン13万ドル到達前に注目の5銘柄

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.