Over the last week, both Bitcoin and gold failed to act as traditional safe havens amidst market volatility. Bitcoin traded more like a risk asset, experiencing significant swings from $67,436 to $71,696. It rebounded to around $70,508 after de-escalation comments regarding US-Iran tensions. Similarly, gold struggled, failing to behave like a clean geopolitical hedge and experiencing a steeper break, with New York futures showing a weekly loss. The market saw investors prioritize selling and repricing inflation and interest rates before re-entering risk assets. Higher yields and inflation fears, particularly from oil, influenced these movements, challenging the "digital gold" narrative for Bitcoin. The US 10-year Treasury yield also saw significant movement, hitting 4.43%.

Over the last week, both Bitcoin and gold failed to act as traditional safe havens amidst market volatility. Bitcoin traded more like a risk asset, experiencing significant swings from $67,436 to $71,696. It rebounded to around $70,508 after de-escalation comments regarding US-Iran tensions. Similarly, gold struggled, failing to behave like a clean geopolitical hedge and experiencing a steeper break, with New York futures showing a weekly loss. The market saw investors prioritize selling and repricing inflation and interest rates before re-entering risk assets. Higher yields and inflation fears, particularly from oil, influenced these movements, challenging the "digital gold" narrative for Bitcoin. The US 10-year Treasury yield also saw significant movement, hitting 4.43%.