Bitcoin Escapes Stock Market Sell-Off on Booming Safe-Haven Appeal

Bitcoin Escapes Stock Market Sell-Off on Booming Safe-Haven Appeal

An overnight attempt to crash Bitcoin alongside the US stock market met with extreme resistance as the cryptocurrency bounced back handsomely.


Related News

Bitcoin is Not A Safe Haven and That’s OK

There has been a lot of talk about investors looking to Bitcoin as a safe haven for their investment portfolio. Safe haven markets are very small and hard to get into. Bitcoin may not fit that bill as perfectly as some people think it does. Now that the Brexit doom scenario has happened, there is a lot of uncertainty across the markets. Gold is surging,....

Bitcoin’s Correlation to the Stock Market Continues to Fall: A Bullish Sign?

As decentralized digital assets, Bitcoin and the crypto market at large has often been regarded as an isolated bubble or safe haven from the traditional stock market. But as an asset class, cryptos have always been fundamentally tied to equities, closely tracing price levels of major indices. This was clearly displayed in the global stock market crash last March, as Bitcoin plummeted nearly 50% as the S&P 500 and NASDAQ index both suffered 30% losses. […]

Vaccine News Strikes Blow to Safe Haven Assets; Potentially Impacting Bitcoin

The global stock markets are rocketing today on news that a vaccine that would put an end to the ongoing pandemic has 90% effectiveness This news signals that it may only be a matter of months before things start going back to normal, which means a reduction in government spending and economic turbulence Naturally, this is a bad thing for safe haven assets, with today’s news sending the price of gold nosediving Bitcoin has seen […]

Is Bitcoin Becoming a Safe-Haven "Exit" Currency?

Earlier this year, the Greek debt crisis has highlighted the role of bitcoin in keeping an economy afloat despite capital controls. Several startups offered investments and loans using the cryptocurrency, providing an option for those who had been unable to move funds around when stock markets and banks were shut down in the country. Later on, the Chinese stock market crash also spurred investors to seek alternative forms of investments, as other equity indices all over the globe started to tank as well. Is bitcoin starting to emerge as a safe-haven "exit" currency lately? Bitcoin "Exit"....

Bitcoin Welcomes Investors Affected By Japanese Stock Market Volatility

Being part of the stock market is not as fun right now as it was a few years ago. Every day, a new financial disaster seems to be waiting just around the corner. After the trouble started brewing in China a few months ago, the Japanese stock market is the next one to plunge. The reason for this is simple: government bonds are going negative for the first time. At the same time, Bitcoin is looking more and more appealing as a way to diversify portfolios. Japanese Stock Market Takes A Big Hit. In this day and age, being involved in the financial sector with one’s money doesn’t make for a....