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Market Volatility Amidst Escalating Russia-Ukraine Conflict Sends Bitcoin to All-Time High: Dollar, Bonds, and Gold Serve as Safe Havens
Market Volatility Amidst Escalating Russia-Ukraine Conflict Sends Bitcoin to All-Time High: Dollar, Bonds, and Gold Serve as Safe HavensOn Tuesday, a dangerous escalation of the Russia-Ukraine conflict sent shockwaves through financial markets. The heightened prospect of nuclear war unnerved investors, prompting many to seek refuge in safe-haven assets like the US dollar, bonds, and gold
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The performance of ETH market exceeded that of US treasury bond bonds, and a surge of investment came!
The 10-year US treasury bond has reached the highest level since 2007, exceeding 4.9%, which has shaken the risk assets such as stocks and cryptocurrencies
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Bitcoin has grown by 63% year-on-year, surpassing stocks and bonds
Against the backdrop of rising US treasury bond bond yields, a stronger US dollar and geopolitical uncertainty, the world's leading cryptocurrency, Bitcoin (BTC), continues to face challenges in returning to the US $28000 level.However, according to a report by Reflexity, a digital asset research firm, despite these obstacles, Bitcoin remains the best-performing asset class in 2023, with an impressive year to date (YTD) return of 63
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Heavyweight: BTC will eventually become a global reserve asset alongside US bonds and gold
Recently, during our communication with our friends, we found that some of them have doubts about a report by the Bank for International Settlements (BIS) stating that "cryptocurrencies themselves have not yet proven their value." Here, we will briefly explain our personal understanding
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Can Bitcoin become a "safe haven" against inflation as a historic default on US bonds looms?
Interface News Reporter | Si LinweiOn May 16th, Reuters reported that US President Biden and Republican House Speaker McCarthy are preparing for key debt ceiling negotiations, with just over two weeks left before the US government could experience an unprecedented debt default. Biden, McCarthy, and three other congressional officials plan to hold consultations on Tuesday