Reported about 8 hours ago
Bitcoin is facing pressure as safe haven investments become more appealing amid Donald Trump's return to the White House and escalating geopolitical instability. With a year-to-date increase of just over 3%, it lags behind gold's 9% rise, especially after gold hit a record high following Trump's comments on Gaza. Despite being seen as a store of value, Bitcoin's correlation with technology stocks and the strong demand for the US dollar have diminished its appeal. Advocates believe that Bitcoin's unique characteristics might eventually position it as a true store of value.
Source: YAHOO