Bitcoin Drops, Gold Shines – Is BTC’s Safe Haven Status Over?

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

Bitcoin “no longer viewed as safe haven play”

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

BTC/USD fell $10,000 over a 24-hour period, data from Cointelegraph Markets Pro and TradingView shows, erasing its entire relief rally amid buzz over a US strategic crypto reserve.


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