Bitcoin’s Correlation With Markets Grows, Challenging ‘Safe Haven’ Narrative

Jack DaviesFebruary 6, 2025No comment

posted on Feb. 06, 2025 at 9:27 pm

52Views

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