Bitcoin’s correlation with global markets—attributed by some to increased institutional investment and algorithmic trading—challenges the narrative of it being a safe-haven asset, similar to gold. Bitcoin’s ‘Safe Haven’ Claim Challenged Following the U.S. imposition of a 25% tariff on Canadian and Mexican imports, bitcoin (BTC) briefly plummeted below $93,000, dragging the crypto market down. The […]
Bitcoin's Correlation With Markets Grows, Challenging 'Safe Haven' Narrative
Bitcoin.com - 6 Feb 2025 23:10
Bitcoin’s correlation with global markets—attributed by some to increased institutional investment and algorithmic trading—challenges the narrative of it being a safe-haven asset, similar to gold. Bitcoin’s ‘Safe Haven’ Claim Challenged Following the U.S. imposition of a 25% tariff on Canadian and Mexican imports, bitcoin (BTC) briefly plummeted below $93,000, dragging the crypto market down. The […]
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