Gold, Not Bitcoin, Is Drawing Haven Demand on US Recession Fears
The increased likelihood of a U.S. recession has brought a boost to gold prices. For bitcoin, though, it's a different story.
U.S.-China tensions are taking a toll on venture funds that invest in non-crypto startups. Investment in the blockchain industry may be less affected.
China's BSN could be met with geopolitical resistance as it continues to extend its global reach.
U.S. March inflation beat expectations, but the Fed is likely to remain unmoved. Bitcoin traders continue to hedge.
From control of the digital realm to territorial skirmishes, these are the issues shaping an increasingly troubled relationship.
"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.