Bitcoin’s $90K rejection: Is BTC’s digital gold narrative losing to bonds?
Bitcoin’s recovery relied on a shift toward the “digital gold” narrative, but global growth risks and strong equity markets have delayed that breakout.
Key takeaways:
Bitcoin failed to break $90,000 again as investors favored gold and bonds.
S&P 500 record highs and lower interest rates have reduced Bitcoin’s appeal as a hedge compared to traditional equities.