Cryptocurrencies
Bitcoin’s Newly Touted Haven Status Takes a Hit This Week
- Cryptocurrency falls 3.5% amid global equity market turmoil
- GTI Vera Band Indicator signals Bitcoin could be in downtrend
Photographer: Philippe Lopez/AFP via Getty Images
This article is for subscribers only.
Bitcoin’s quickly shedding its recent designation by some advocates as a haven asset.
Arguments that the largest digital token acts as a place of shelter during market turmoil diminished this week as Bitcoin slumped amid an intense bout of equity-market selling.