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Bitcoin sold off sharply early Friday Asian time, plunging more than 5% from $89,000 to a low of $83,400 during US daytime trading. Unlike gold and equities, it failed to recover—exposing a troubling identity crisis for the so-called “digital gold.”
The market is re-pricing trust in currencies and institutions, but that trust is flowing to gold vaults, not crypto wallets.
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Same Storm, Different Outcomes
The sell-off was triggered by an escalation in US-Iran tensions after…
