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 […]
Source link
Chain Articles > Blog > Bitcoin > Bitcoin’s Correlation With Markets Grows, Challenging ‘Safe Haven’ Narrative
Bitcoin’s Correlation With Markets Grows, Challenging ‘Safe Haven’ Narrative
posted on
You Might Also Like
Hong Kong Leaders Are In favour Of Strategic Investments In Bitcoin Post US Crypto Czar Press Conference
Jack DaviesFebruary 6, 2025
Decision makers in Hong Kong have been called to arms. On 5 February 2025, Jonny NG Kit-chong, a legislator based...
Here's The Secret To Investing In Bitcoin
Jack DaviesFebruary 6, 2025
Follow Frank on X. Over the course of the last week, we’ve seen reports of massive bitcoin liquidations.For those unfamiliar...
Alchemy Pay Expands Crypto Services To South Korea, Following Australia. Best Crypto To Buy!
Jack DaviesFebruary 6, 2025
Singapore-based cryptocurrency payment provider Alchemy Pay has successfully acquired an Electronic Financial Business registration in South Korea. On 5 February...
Lightning Companies Are Raising Again: This Is Good for Bitcoin
Jack DaviesFebruary 6, 2025
Recently, Flashnet announced that it had raised a $4.5m seed round, led by Abstract Ventures with participation from UTXO Management and...