Is Bitcoin a Safe-Haven Asset?

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. According to KO data, the recent escalation of the conflict in the Middle East has led to increased demand for safe haven assets, but Bitcoin has not benefited from this trend with its value dropping 6% in April while gold and the US dollar have rallied. This chart compares Bitcoin's market performance seven days before and after major market events with Bitcoin seeing its top performance after us banking turmoil. One possible reason the data analytics firm noted for this could be the Bitcoin having which has historically led to short term volatility. However, there are other factors at play as of 9:30 a.m. Eastern time, Bitcoin was down 4% at just below $63,000. That's it for today's chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.