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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Fidelity: Bitcoin Bottom Is In
Jurrien Timmer, director of global macro at Fidelity Investments, has opined that the $60,000 level likely marks the bottom of the...
