It has dropped more than 5% since President Trump’s tariff announced on Wednesday night sent markets to go down, Bitcoin (BTC) again failed the bulls who touted store properties or these potential as an unstable safe shelter in risk properties such as stocks.
Or not.
“This moment seems like a point of view,” said Joel Kruger, LMAX Group’s strategic strategic market. “We see market participants increasingly drawn to (BTC’s) appeal as a store owned and a compelling tool in varying in the middle of uncertainty.”
Kruger noted that while the NASDAQ and S&P 500 each collapsed in the new 2025 lows, Bitcoin at the moment held more than the height of the year-to-date under $ 75,000-what technicians wanted to call “higher lows.”
But Javier Rodriguez Alarcon, chief commercial officer at Crypto Exchange XBTO, believes otherwise.
“Despite the conversation that Bitcoin can act as a fence against dollar volatility, in practice we are still seeing a strong touch between digital properties and greater risk markets in moments of uncertainty,” Ex-Goldman Sachs Executive said in an email.
Gold still preferred safe shelter to jpmorgan
“The volatility and relationship of Bitcoin with equality has raised questions in the ‘digital gold’ narrative,” Nikolaos said sidezoglou and team at JPMorgan yesterday. “We see gold that continues to rise as the major trade beneficiary in debasement,” they added.
Even with Bitcoin’s recent pullback, the price is still above the estimated average cost of making $ 62,000, a scale that acts as a lower border with the past, wrote by Pidanirtzoglou.
Gold now is less than 1.25% up to $ 3,126 per ounce and within close sight of the record high around $ 3,200.
