coindesk
Bitcoin Holds Near $111K as Traders Weigh China Retaliation, Risk Appetite Cools
Related Cryptocurrencies
BTC
Bitcoin
$111,255
-0.28%
TL;DR
Bitcoin is holding near $111K as traders consider potential Chinese retaliation, with analysts highlighting its correlation with gold at a multi-year high of 0.9, reinforcing its 'digital gold' narrative.
Summary
Bitcoin is holding near $111K as traders consider potential Chinese retaliation, with analysts highlighting its correlation with gold at a multi-year high of 0.9, reinforcing its 'digital gold' narrative.
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