2026-03-02 02:41:16

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2026-03-01 21:57:03

Bitcoin prices fell below $64,000 on Saturday. Reports emerged that Israel and the US launched an attack on Iran. This decline in the world’s leading cryptocurrency is not very surprising. Bitcoin has been in a downward trend for five months.

What’s more interesting is that recent losses have changed the narrative about Bitcoin. It is no longer seen as a safe haven asset. Instead, it is classified as an asset that carries risk and moves like a growth stock. In the past, Bitcoin’s price was linked to gold, making it a safe haven. But that is no longer the case.

In the past few months, Bitcoin’s dynamics have completely diverged from gold. The yellow metal has risen. Increased demand and the search for safe havens have supported gold. However, Bitcoin has struggled. It is currently the largest cryptocurrency by market capitalization. It has fallen more than 50% from the $125,000 peak we saw in October 2025.
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