Bitcoin's Safe Haven Status Tested as Gold Rallies Amid Rate Cut Expectations
According to reports, Bitcoin is facing challenges as gold rallies due to expectations of rate cuts and geopolitical risks. Bitcoin has struggled to maintain key levels and remains sensitive to factors impacting equities and other risk assets. The development raises questions about Bitcoin's perceived role as a 'safe haven' asset compared to gold, which is currently benefiting from the macroeconomic climate.
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