Confirmation of Safe-Haven Asset Status: BTC Steadily Recovers Amid Oil Price Fluctuations
Today, as the situation in the Middle East has caused crude oil prices to approach $100/barrel, Bitcoin's hedge attributes as 'digital gold' have once again been activated by the market.
As of this afternoon, BTC recorded a single-day increase of about 1.5%, with prices steadily recovering to around $71,100.
The Motley Fool's research report today pointed out that after experiencing a nearly 45% pullback from last October to early March this year, BTC is demonstrating a stronger recovery capability than gold. Analysts predict that if oil prices surge to $150 due to supply and demand shocks, BTC's safe-haven premium will further drive it towards testing the $100,000 mark.
BTC
66,672.92
+0.21%