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Bitcoin price tumbles as gold emerges as a better safe-haven asset

Bitcoin price struggles to gain ground as gold solidifies its status as a better safe-haven asset amid the ongoing trade-related risks. Gold is beating Bitcoin as a safe-haven asset Bitcoin (BTC) continued to trade near $110,000, down by 12% from…

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💡 DMK Insight

DMK Insight: The current market dynamics highlight a shift in investor sentiment, with gold reaffirming its position as a preferred safe-haven asset amidst trade uncertainties. This trend suggests that Bitcoin's volatility may deter risk-averse investors, prompting them to seek stability in traditional commodities. The ongoing struggle for Bitcoin to reclaim its previous highs indicates a potential reevaluation of its role in the investment landscape.