Bitcoin rebounds, gold rises simultaneously, XBIT safe-haven speculation indicates market turn
On April 22, XBIT latest observation report pointed out that Bitcoin experienced an explosive rebound after the Easter weekend, breaking through the $88,000 mark in the early Asian trading session, and rebounding sharply from the low point of the sell-off caused by former US President Trump’s “Liberation Day” speech on April 2, almost recovering all the losses. This rise resonated with the simultaneous rise of gold. The two assets emerged in the holiday market with thin liquidity, triggering heated discussions in the market on the change of the logic of safe-haven asset allocation.
Twitter : @XBITDEX
This Bitcoin rebound presents completely different market characteristics from last December. At that time, Bitcoin recorded only mild fluctuations in the calm “Christmas market”, while ...