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Bitcoin Nears $80K but `Turning Point` in Sight, Suggests Analyst

Down more than 5% since President Trump`s tariff announcement on Wednesday evening sent markets plunging, bitcoin (BTC) once again is disappointing bulls who have touted its store-of-value properties or potential as a non-correlated safe haven to risk assets like stocks. Or not. "This moment feels like a turning point," said Joel Kruger, LMAX Group market strategist. "We see market participants increasingly drawn to [BTC`s] appeal as a store-of-value asset and a compelling diversification tool amid the uncertainty." Kruger noted that while the Nasdaq and S&P 500 have each tumbled to new 2025 lows, bitcoin for the moment is holding well above its year-to-date bottom of $75,000 — what technicians like to call "higher lows." But Javier Rodriguez Alarcon, chief commercial officer at crypto exchange XBTO, believes otherwise. “Despite talk that bitcoin could act as a hedge against dollar-centric volatility, in practice we’re still seeing a strong correlation between digital assets and broader risk markets in moments of uncertainty,” the ex-Goldman Sachs executive said in an email. Gold still the preferred safe haven at JPMorgan "Bitcoin`s volatility and correlation with equities raises questions over its `digital gold` narrative," said Nikolaos Panigirtzoglou and team at JPMorgan yesterday. "We see gold continuing to rise as the major beneficiary of the debasement trade," they added. Even with bitcoin`s recent pullback, the price is still above the bank`s estimated average cost of production of $62,000, a metric which has acted as a lower boundary in the past, wrote Panigirtzoglou. Gold today is lower by just 1.25% to $3,126 per ounce and within close sight of its record high of around $3,200. Crypto Briefing

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Developers React as Google Temporarily Shuts Down Bitcoin Email List

The Bitcoin developer email list faced a temporary shutdown due to Google`s intervention. Community concerns highlighted vulnerabilities in centralized infrastructures. Continue Reading: Developers React as Google Temporarily Shuts Down Bitcoin Email List The post Developers React as Google Temporarily Shuts Down Bitcoin Email List appeared first on COINTURK NEWS . Crypto Briefing