• bitcoinBitcoin (BTC) $ 63,550.00
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  • xrpXRP (XRP) $ 0.469731
  • dogecoinDogecoin (DOGE) $ 0.148969
  • the-open-networkToncoin (TON) $ 5.93
  • cardanoCardano (ADA) $ 0.446367
  • avalanche-2Avalanche (AVAX) $ 33.71
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,459.00
  • tronTRON (TRX) $ 0.109292
  • bitcoin-cashBitcoin Cash (BCH) $ 462.81
  • polkadotPolkadot (DOT) $ 6.37
  • chainlinkChainlink (LINK) $ 13.10
  • matic-networkPolygon (MATIC) $ 0.648538
  • litecoinLitecoin (LTC) $ 75.49
  • internet-computerInternet Computer (ICP) $ 11.93
  • leo-tokenLEO Token (LEO) $ 5.83
  • nearNEAR Protocol (NEAR) $ 5.07
  • daiDai (DAI) $ 1.00
  • uniswapUniswap (UNI) $ 6.81
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • aptosAptos (APT) $ 8.87
  • ethereum-classicEthereum Classic (ETC) $ 25.12
  • blockstackStacks (STX) $ 2.52
  • mantleMantle (MNT) $ 1.07
  • crypto-com-chainCronos (CRO) $ 0.124055
  • bittensorBittensor (TAO) $ 484.16
  • cosmosCosmos Hub (ATOM) $ 8.00
  • okbOKB (OKB) $ 51.64
  • filecoinFilecoin (FIL) $ 5.63
  • stellarStellar (XLM) $ 0.103663
  • immutable-xImmutable (IMX) $ 2.01
  • vechainVeChain (VET) $ 0.038810
  • render-tokenRender (RNDR) $ 7.26
  • arbitrumArbitrum (ARB) $ 1.03
  • hedera-hashgraphHedera (HBAR) $ 0.075449
  • kaspaKaspa (KAS) $ 0.113509
  • makerMaker (MKR) $ 2,802.36
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 2.34
  • the-graphThe Graph (GRT) $ 0.228891
  • optimismOptimism (OP) $ 2.14
  • pepePepe (PEPE) $ 0.000005
  • injective-protocolInjective (INJ) $ 23.53
  • moneroMonero (XMR) $ 115.95
  • wrapped-eethWrapped eETH (WEETH) $ 3,068.14
  • fetch-aiFetch.ai (FET) $ 1.93
  • theta-tokenTheta Network (THETA) $ 1.93
  • fantomFantom (FTM) $ 0.652446
  • celestiaCelestia (TIA) $ 9.89
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,277.62
  • lido-daoLido DAO (LDO) $ 1.86
  • thorchainTHORChain (RUNE) $ 4.90
  • bitget-tokenBitget Token (BGB) $ 1.14
  • arweaveArweave (AR) $ 23.95
  • galaGALA (GALA) $ 0.040261
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,057.56
  • ethenaEthena (ENA) $ 1.03
  • suiSui (SUI) $ 1.07
  • quant-networkQuant (QNT) $ 95.01
  • algorandAlgorand (ALGO) $ 0.166804
  • flokiFLOKI (FLOKI) $ 0.000133
  • sei-networkSei (SEI) $ 0.483002
  • flowFlow (FLOW) $ 0.861058
  • whitebitWhiteBIT Coin (WBT) $ 8.91
  • bitcoin-svBitcoin SV (BSV) $ 65.19
  • beam-2Beam (BEAM) $ 0.024010
  • jupiter-exchange-solanaJupiter (JUP) $ 0.930103
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  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,944.75
  • coredaoorgCore (CORE) $ 1.33
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  • neoNEO (NEO) $ 15.82
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  • ordinalsORDI (ORDI) $ 45.38
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  • jasmycoinJasmyCoin (JASMY) $ 0.018980
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  • havvenSynthetix Network (SNX) $ 2.71
  • cheeleeCheelee (CHEEL) $ 15.59
  • chilizChiliz (CHZ) $ 0.095628
  • conflux-tokenConflux (CFX) $ 0.213998
  • msolMarinade staked SOL (MSOL) $ 158.39
  • eosEOS (EOS) $ 0.724880
  • pyth-networkPyth Network (PYTH) $ 0.550150
  • worldcoin-wldWorldcoin (WLD) $ 4.46
  • kucoin-sharesKuCoin (KCS) $ 8.59
  • gnosisGnosis (GNO) $ 317.39
  • mina-protocolMina Protocol (MINA) $ 0.717032
  • decentralandDecentraland (MANA) $ 0.410047
  • akash-networkAkash Network (AKT) $ 3.30
  • aerodrome-financeAerodrome Finance (AERO) $ 1.87
  • usddUSDD (USDD) $ 0.998146
  • heliumHelium (HNT) $ 4.40
  • echelon-primeEchelon Prime (PRIME) $ 19.16
  • apecoinApeCoin (APE) $ 1.13
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,987.95
  • iotaIOTA (IOTA) $ 0.218753
  • nexoNEXO (NEXO) $ 1.24
  • frax-etherFrax Ether (FRXETH) $ 2,940.86
  • kavaKava (KAVA) $ 0.619713
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.63
  • dexeDeXe (DEXE) $ 11.47
  • fraxFrax (FRAX) $ 0.997872
  • axelarAxelar (AXL) $ 1.02
  • swethSwell Ethereum (SWETH) $ 3,118.56
  • klay-tokenKlaytn (KLAY) $ 0.173742
  • corgiaiCorgiAI (CORGIAI) $ 0.001818
  • lido-staked-solLido Staked SOL (STSOL) $ 158.05
  • aioz-networkAIOZ Network (AIOZ) $ 0.564338
  • osmosisOsmosis (OSMO) $ 0.928007
  • dydxdYdX (ETHDYDX) $ 1.96
  • bitcoin-goldBitcoin Gold (BTG) $ 34.75
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • blurBlur (BLUR) $ 0.388250
  • oasis-networkOasis Network (ROSE) $ 0.087279
  • tether-goldTether Gold (XAUT) $ 2,357.01
  • radixRadix (XRD) $ 0.055859
  • dymensionDymension (DYM) $ 3.56
  • illuviumIlluvium (ILV) $ 89.87
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 74.31
  • mantra-daoMANTRA (OM) $ 0.693774
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,160.49
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  • terra-lunaTerra Luna Classic (LUNC) $ 0.000090
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  • iotexIoTeX (IOTX) $ 0.050455
  • manta-networkManta Network (MANTA) $ 1.86
  • ocean-protocolOcean Protocol (OCEAN) $ 0.763864
  • pax-goldPAX Gold (PAXG) $ 2,501.75
  • stepnGMT (GMT) $ 0.235174
  • apenftAPENFT (NFT) $ 0.00000046
  • ether-fiEther.fi (ETHFI) $ 3.92
  • book-of-memeBOOK OF MEME (BOME) $ 0.008142
  • 1inch1inch (1INCH) $ 0.387347
  • skaleSKALE (SKL) $ 0.084406
  • enjincoinEnjin Coin (ENJ) $ 0.302115
  • zilliqaZilliqa (ZIL) $ 0.022988
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.995208
  • polymeshPolymesh (POLYX) $ 0.397905
  • terra-luna-2Terra (LUNA) $ 0.580075
  • compound-wrapped-btccWBTC (CWBTC) $ 1,276.51
  • celoCelo (CELO) $ 0.738319
  • ankrAnkr Network (ANKR) $ 0.039414
  • ravencoinRavencoin (RVN) $ 0.028630
  • project-galaxyGalxe (GAL) $ 3.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 12.46
  • 0x0x Protocol (ZRX) $ 0.457290
  • rocket-poolRocket Pool (RPL) $ 19.00
  • biconomyBiconomy (BICO) $ 0.514753
  • memecoin-2Memecoin (MEME) $ 0.024775
  • superfarmSuperVerse (SUPER) $ 0.845065
  • siacoinSiacoin (SC) $ 0.006674
  • jeo-bodenJeo Boden (BODEN) $ 0.550613
  • qtumQtum (QTUM) $ 3.60
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.47
  • holotokenHolo (HOT) $ 0.002123
  • aelfaelf (ELF) $ 0.509987
  • stader-ethxStader ETHx (ETHX) $ 3,033.99
  • frax-shareFrax Share (FXS) $ 4.62
  • origintrailOriginTrail (TRAC) $ 0.900194
  • amp-tokenAmp (AMP) $ 0.006393
  • casper-networkCasper Network (CSPR) $ 0.029829
  • raydiumRaydium (RAY) $ 1.35
  • basic-attention-tokenBasic Attention (BAT) $ 0.236047
  • safepalSafePal (SFP) $ 0.753333
  • compound-governance-tokenCompound (COMP) $ 50.36
  • golemGolem (GLM) $ 0.344548
  • livepeerLivepeer (LPT) $ 10.83

2024 is the year for Bitcoin, gold, and silver, Bitfinex’s Head of Derivatives predicts

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2024 will likely be a “decent year for safe-haven assets”, such as Bitcoin, gold, and silver, according to Jag Kooner, Head of Derivatives at Bitfinex. In a commentary sent to Crypto Briefing, Kooner shares his belief that the persistent inflation levels, remaining above the comfort zones of central banks around the world, are anticipated to result in a prolonged period of higher interest rates.

This could result in a delay in easing of monetary policies in developed markets, which may lead to some disappointment among investors. Moreover, Kooner points out that stock markets might face some challenges over the next months.

“Factors such as modest earnings growth and various geopolitical risks are expected to exert downward pressure on stock markets. Some research suggests modest earnings growth for the S&P 500, in the range of 2–3% and a target of 4,200 for the index, with a downside bias. This aligns with our view and we believe will result in more demand for commodities and Bitcoin.”

However, the correlation between Bitcoin and gold has been negative in the last 30 days, according to on-chain data platform Glassnode. On Feb. 22, the pair shared a negative correlation of 0.5, where 1 is fully correlated and -1 is the absence of any correlation.

2024 is the year for Bitcoin, gold, and silver, Bitfinex’s Head of Derivatives predicts

Gold and Bitcoin correlation chart. Image: Glassnode

If Kooner’s prediction comes true, the data corroborating it might start showing over the next weeks.

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