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Crypto

Bitcoin or gold: which safe-haven leads amid Iran war?

Until the outbreak of the Iran war, bitcoin moved sideways with no clear direction, while gold notched record highs and cemented its role as a safe haven. After the United States and Israel attacked Iran on Feb. 28, the trends diverged. Bitcoin rebounded to around $70,000 after a sharp drop, while gold fell 11 percent amid rising oil prices and inflation worries, posting its biggest weekly decline since 1983. Analysts remain cautious about bitcoin’s safe-haven status.

Crypto

Bloomberg strategist\'s $10,000 bitcoin call draws backlash, crypto community calls it baffling

Bloomberg Intelligence senior commodity strategist Mike McGlone has again raised the possibility that bitcoin could fall to $10,000, warning that it may remain vulnerable if global risk assets slide. Market participants countered that the outlook rests on extreme assumptions and would require major shocks such as a global liquidity crunch, nuclear war or an internet outage. Bitcoin is trading around $70,000, and other major cryptocurrencies are also rising.