Gold Crashes 8%, Wiping Out $2.43 Trillion in 48 Hours — Here’s Why It’s Rocking Bitcoin’s Battle for Safe-Haven Supremacy

In a dramatic turn of events in the financial markets, the price of gold has plummeted by an astonishing 8% within a mere 48-hour period, leading to a staggering loss of approximately $2.43 trillion in market value. This sharp decline is not only significant for gold investors but also has far-reaching implications for the cryptocurrency market, particularly Bitcoin, as it competes for the position of the ultimate safe-haven asset. Analysts and investors are keenly examining the underlying factors driving this sudden crash in gold prices, as well as how it could impact Bitcoin's standing as a preferred store of value in uncertain economic times. With both assets vying for dominance in the realm of safe-haven investments, the current market volatility presents a pivotal moment in their ongoing battle for supremacy. source: https://blocknews.com/gold-crashes-wiping-out-2-43-trillion-in-48-hours-heres-why-its-rocking-bitcoins-battle-for-safe-haven-supremacy/