Treasury Secretary Bessent says Iran conflict has been halted

Jun 4, 2026 5:06 PM

Bitcoin is failing its biggest test as a "safe haven." While Middle East tensions push oil toward $100, Bitcoin has plummeted 15%, triggering billions in liquidations and $4 billion in ETF outflows. Instead of acting like digital gold, it’s behaving like a volatile tech stock that investors dump at the first sign of trouble. If Bitcoin crashes when the world is in crisis, can we honestly still call it a hedge? Or is the "digital gold" narrative officially dead?
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