Binance Square
LIVE
LIVE
COINNEWS
--224 views
Bitcoin's recent 13.3% price drop triggered $387 million in forced liquidations, dampening trader sentiment and challenging the narrative of Bitcoin as 'digital gold’. However, the crypto market's resilience is evident as Bitcoin derivatives held firm during the dip. Analyst Tom Linn's claim that Bitcoin failed as a safe haven, unlike gold, overlooks the fact that Bitcoin and gold markets rarely synchronize. The lack of correlation between the two assets underscores Bitcoin's unique value. Furthermore, market data suggests no significant decrease in investor optimism. So, keep calm and HODL on! 😎

Bitcoin's recent 13.3% price drop triggered $387 million in forced liquidations, dampening trader sentiment and challenging the narrative of Bitcoin as 'digital gold’. However, the crypto market's resilience is evident as Bitcoin derivatives held firm during the dip. Analyst Tom Linn's claim that Bitcoin failed as a safe haven, unlike gold, overlooks the fact that Bitcoin and gold markets rarely synchronize. The lack of correlation between the two assets underscores Bitcoin's unique value. Furthermore, market data suggests no significant decrease in investor optimism. So, keep calm and HODL on! 😎

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
@COINNEWS

Explore More From Creator

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs