Bitcoin has fallen sharply despite rising global uncertainty, raising new doubts about its role as a safe-haven asset. The cryptocurrency is down 44 percent from its October peak and slipped below $70,000 this week for the first time in 15 months.
While volatility is common in crypto markets, the timing is unusual, according to CNN. Investors are growing cautious amid geopolitical tensions, trade threats from President Donald Trump, and renewed stock market anxiety tied to artificial intelligence disruptions.
BREAKING: $69,000 Bitcoin pic.twitter.com/KunzlUofiW
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Traditionally, such conditions push investors toward safe assets. Gold has surged more than 20 percent since October, reaching record highs.
Bitcoin, however, is down about 20 percent this year, suggesting investors still view it as a risk asset rather than “digital gold.”
Treasury Secretary Scott Bessent added pressure by confirming the government lacks authority to stabilize crypto markets. Still, history shows bitcoin has rebounded from major crashes before.
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