Bitcoin's recent plunge of 3% mirrors a broader global asset rout, with the $5,000 gold level being 'smashed' due to oil fears. This comes as Middle East tensions sparked a sell-off across major asset classes, including Bitcoin. The BTC price action has failed to hold key trend lines, with oil keeping it firmly below $70,000. While gold has weakened, there are hopes that Bitcoin could offer a safe haven in the midst of the uncertainty. However, the market is beginning to price in a longer war, and BTC bulls have so far failed to muster any momentum. Others are hopeful on shorter time frames, noting Bitcoin's comparatively stable response to the ongoing geopolitical crisis. The question remains: can Bitcoin provide a safe haven in times of uncertainty, or is it just another asset class that is vulnerable to global market sentiment?
