Bitcoin falls to lowest level since November as long-term holders accelerate selling

From sherwood.news

Investors are continuing to flock to precious metals, with gold passing $5,500 per ounce for the first time on Wednesday. Meanwhile, bitcoin has fallen below $85,000 for the first time since November. Lacie Zhang, a research analyst at Bitget Wallet, said the gold rally reflects a significant reallocation into traditional safe haven assets as investors hedge against US policy uncertainty, geopolitical risk, and fiscal instability. Underscoring the shift in investor sentiment, JM Bullion’s gold Fear and Greed Index is at 99, or “extreme greed,” while CoinMarketCap’s crypto Fear and Greed Index stands at 38, ... (full story)