At a time when global markets are volatile due to Trump's reciprocal tariff policy, bitcoin has shown similar resilience to gold, but can it truly replace gold's safe-haven status?
Matrixport said that since the start of the bull market in late 2022, Bitcoin has shown strong resilience, with 30-day price corrections rarely exceeding -10%, while monthly losses during bear markets are often as high as 30% or more. Last week, Bitcoin was close to the -10% correction level, which is usually regarded as a consolidation bottom in this bull market. In contrast, the + 40% sharp rally in March and November 2024 is seen as a profit-taking opportunity. From the trend chart, Bitcoin i...