Bitcoin Finishes A Volatile Week As Traders Flock To Safety
Is bitcoin replacing gold as a safe haven?
Bitcoin prices swung substantially over the last week, as global markets grappled with the latest major economic developments. GETTY
Bitcoin has had a volatile week, suffering sharp price fluctuations as global macroeconomic uncertainty heavily influences investor decision-making.
The doubts that are gripping the markets have been evidenced by a notable decline in global bond yields, which recently reached their lowest in more than 100 years, according to Bank of America Merrill Lynch research reported on by MarketWatch.
Many traders have been spooked by concerns about the trade war between the U.S. and China, uncertainty surrounding the value of the Chinese yuan and worries about the potential of a no-deal Brexit.
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