Ray Dalio: BTC has not met expectations as a safe-haven asset
According to Odaily, Ray Dalio stated that BTC has not fulfilled its role as a safe-haven asset, citing its lack of privacy, high correlation with technology stocks, and its market capitalization being much smaller than gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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US mortgage rates soar, homebuying demand weak: New home sales in September fell by 0.6% month-on-month, home prices down 3.9% year-on-year
In September, new home sales in the United States reached an annualized rate of 676,000 units, surpassing the market expectation of 651,000 units. The median price for new homes was $400,400, marking a year-on-year decline for seven months within the year. U.S. mortgage rates reached their highest level in nearly three years at the beginning of October last month. Economists note that "price reductions and mortgage rate subsidies help sustain sales, but the market relies more on builder concessions rather than strong endogenous demand."
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Marathon Digital transferred 4,860 BTC in October.
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