Bitcoin Price Corrects on China News, But Uptrend Still…
Bitcoin Price Corrects on China News, But Uptrend Still Intact!
In times of economic or political stress, investors prefer to hold safe haven assets, and while many experts believe bitcoin is the new safe haven, recent dismal performance contradicts such claims. The cryptocurrency dropped 20 percent over 48 hours, even while North Korea’s nuclear test and heightened geopolitical tensions pushed up traditional safe haven assets like gold, Japanese Yen.
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