Crypto Market Plunge: Is Bitcoin a Safe Haven?
Crypto's having a moment. Not a good one. Market's down 30% since December. $3.9 trillion to $2.7 trillion. Ouch. Like a bad holiday surprise. Markets, though, they do what they want.
TL;DR
- Crypto market took a hit, down 30% since December. Investors are nervous.
- $BTC is doing okay, comparatively. People like the familiar in a storm.
Trump's tariffs didn't help. "Liberation Day," he called it. More like "Panic Day" for markets. Equities down. Crypto down. Everyone scrambling for safety. Risk-off, they call it. Like running from a bear.
$BTC is the sturdy building in this storm. Dipped, sure, but not as bad as the rest. Dominance creeping up. Nearing 60%. People like what they know. Altcoins? Not so much. The further out on the risk curve, the worse it is. NFTs, DeFi, all those shiny new toys? Taking a beating. Crypto's still tied to the market, like it or not.
So, is this a blip? A correction? Or something worse? Who knows? Predicting crypto is like predicting the weather. One thing's for sure: it's interesting. And in crypto, "interesting" usually means "hold on tight." ๐ข
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