{"id":561,"date":"2024-10-02T08:02:06","date_gmt":"2024-10-02T08:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=561"},"modified":"2024-10-02T08:02:06","modified_gmt":"2024-10-02T08:02:06","slug":"bitcoins-safe-haven-narrative-comes-under-pressure-amid-iran-israel-war-fears-investors-prefer-gold-during-crisis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=561","title":{"rendered":"Bitcoin&#8217;s Safe Haven Narrative Comes Under Pressure Amid Iran-Israel War Fears, Investors Prefer Gold During Crisis"},"content":{"rendered":"<div>\n<p>The thesis that <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) would keep investors&#8217; wealth secured during geopolitical risks was negated after the leading cryptocurrency plunged along with stocks over fears of a full-fledged war in the Middle East.<\/p>\n<p><strong>What happened<\/strong>: The world&#8217;s largest cryptocurrency slipped below $62,000, down about 3.52%, as news of <a href=\"https:\/\/www.benzinga.com\/news\/global\/24\/10\/41126038\/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil\">Iran launching a missile barrage toward Israel<\/a> spooked markets.\u00a0<\/p>\n<p>The decline mirrored a slump in the stock market, with blue-chip indexes like the <strong>Dow Jones Industrial Average <\/strong>and the <strong>S&amp;P 500<\/strong> closing <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41133816\/bitcoin-ethereum-dogecoin-crack-on-israel-iran-war-fears-legendary-trader-flags-significan\">Tuesday&#8217;s trading session in the red<\/a>.<\/p>\n<p>Bitcoin\u2019s slump called into question its \u2018store of value\u2019 moniker, which has been frequently championed by proponents seeking to establish equivalency with gold.<\/p>\n<p>On the contrary, spot gold rose more than 1% to $2,666 &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41135665\/bitcoins-safe-haven-narrative-comes-under-pressure-amid-iran-israel-war-fears-investors-pr\" alt=\"Bitcoin's\" safe haven narrative comes under pressure amid iran-israel war fears investors prefer gold during crisis>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The thesis that Bitcoin (CRYPTO: BTC) would keep investors&#8217; wealth secured during geopolitical risks was negated after the leading cryptocurrency plunged along with stocks over fears of a full-fledged war in the Middle East. What happened: The world&#8217;s largest cryptocurrency slipped below $62,000, down about 3.52%, as news of Iran launching a missile barrage toward [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-561","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=561"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/561\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}