Top crypto news for April 4 centers on Bitcoin’s failure to act as a safe haven during the latest geopolitical shock. As war fears sent oil prices surging past $110 a barrel, Bitcoin traded at $67,337 with on-chain demand indicators flashing red, undermining the long-held thesis that BTC protects portfolios during global crises.

Why Bitcoin’s Safe-Haven Narrative Broke on April 4

The safe-haven thesis holds that Bitcoin, like gold, should rally when traditional markets sell off under geopolitical stress. Saturday’s 24-hour news cycle broke that pattern. Bitcoin sat at $67,337 with a modest 0.72% gain over 24 hours, while oil prices exploded higher and equity markets reeled.

CryptoSlate’s April 3 analysis argued that rising oil…