BTC’s Haven Claim Hit as U.S., China Play Tariff Chicken
By James Van Straten (All times ET unless indicated otherwise)
One thing markets despise is uncertainty, and right now it’s coming from all corners of the globe, largely fueled by Trump’s tariffs.
Markets rebounded somewhat on Tuesday following Monday’s bloodbath in Asia and Europe, but it was more of a relief rally than a true recovery. At the heart of the conflict are the U.S. and China, both refusing to be the first to blink — even if it means prolonged uncertainty and pain for global markets.
As markets took a breather from the turmoil, crypto skeptics were quick to point out how bitcoin’s (BTC) safe haven narrative — bolstered by its resilience late last week — quickly unraveled on Monday when the price crashed to…
