Why is bitcoin price (btc) down today: what could be next

Down more than 5% of the announcement of President Trump announcement on Wednesday evening sent the market, Bitcoin (BTC) once again the disappointing bulls or potential as an uncorrelated safe haven.

Or not.

“This moment feels like a swivel point,” Joel Kruger said, the Group Market Strategy. “We see that market participants are increasingly attracted to (BTC) as a value warehouse and a convincing diversification tool in the middle of insecurity.”

The Kruger mentioned that the Native and the S & P 500 had each drop in the new 2025. years, Bitcoin was held well above his $ 75,000 – what technicians like to call “more dishes”.

Ali Javier Rodriguez Alarcon, the main commercial officer at the CRIPTO Exchange XBTO, believes otherwise.

“Despite the conversation that Bitcoin could act as a hedge against volatility in the dollar, in practice we still see a strong risk market in moments of uncertainty,” Ex-Goldman Sachs Execute, “said ex-goldman sachs ekecutive”.

Gold still preferred a safe haven in JPMorgan

“Volatility and correlation of bitcoin with capital ask questions about its” digital gold “narrative,” Nikolaos Panigirtzoglou yesterday and team in JPMorgani. “We see that the gold continues to grow as a major beneficiary of the debate trade,” they added.

Even with recent violations of Bitcoin, the price remains above the estimated average cost of $ 62,000, metric that acted as a lower boundary in the past, wrote panigirtzoglou.

Today, gold is lower by just 1.25% to $ 3,126 per ounce and inside a close look at his record of about $ 2,300.