Bitcoin’s $90K rejection: Is BTC's digital gold narrative losing to bonds?

Bitcoin faced a significant rejection at the $90,000 mark, raising concerns about its status as "digital gold." Analysts suggest that the increasing attractiveness of bonds, particularly in a rising interest rate environment, may be undermining Bitcoin's appeal as a safe-haven asset. The shift in investor sentiment towards traditional assets like bonds could indicate a potential decline in Bitcoin's dominance. Market observers are closely monitoring these trends to assess the future trajectory of Bitcoin amidst changing economic conditions.

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