Bitcoin no longer ‘safe haven’ as $82K BTC price dive leaves gold on top

Gold leaves Bitcoin in the dust over US trade tariffs as BTC price action joins stocks and even the US dollar in taking a fresh hit.

Bitcoin (BTC) faces ongoing bearish catalysts as traders run to safe havens such as gold, new analysis warned.

In a dedicated X thread on March 4, trading resource The Kobeissi Letter announced a “global move” away from risk assets.

Bitcoin and altcoins suffered, following stocks downhill as the US confirmed the start of fresh trade tariffs against Canada and Mexico.

Read more