Bitcoin is increasingly trading like a safe-haven asset rather than following the US stock market, highlighting its potential as a global asset amidst rising recession risks. According to Alex Svanevik, CEO of Nansen, Bitcoin has shown a 12% price recovery in the two weeks leading up to April 22, diverging from stock indices and altcoins. This shift comes as US-China trade tensions escalate, with the US imposing significant tariffs on China, influencing market behavior. While Bitcoin's resilience raises its profile as an alternative to gold, concerns about a possible US recession loom large. JPMorgan recently indicated that recession odds increased to 60% due to these geopolitical factors and tariff structures. Despite Bitcoin's safe-haven appeal, the fundamental investor demand for risk assets may decline amid recession fears, suggesting a complex path ahead for Bitcoin amid ongoing economic uncertainties.

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