In a sign that even the most “degenerate” cryptocurrency traders are looking for relative safety, Bitcoin is emerging as the dominant digital asset in these uncertain times.

Gold stored at the Bank of England has been trading at an unusually low price, typically a sign that central banks are shedding some of their holdings.

According to a report released by the Cambridge Center for Alternative Finance on Tuesday, China now accounts for 21.11% of global hashrate for Bitcoin mining, behind the U.S. at 37.84%.

Powell sought to affirm the Fed’s commitment to taming price pressures, vowing to raise interest rates to a level that actively constrains demand, if necessary, until “clear and convincing” evidence…

According to data compiled by CoinShares, investors added some US$299 million to Bitcoin products, while funds focused on other cryptocurrencies like Solana, Ether and Polkadot saw outflows.

Assets which have been touted as a replacement for stocks and bonds, including cryptocurrencies and gold, have only helped deepen portfolio losses.

According to data compiled by Bloomberg, Coinbase was recommended a “buy” by no less than 22 analysts, while 5 gave it a “hold” and only 4 recommended a “sell.”

Even though the worst markets are supposed to have havens, it’s increasingly apparent that this one doesn’t.

The dollar is powering a slowdown in the global economy that would take the U.S. down along with it.

According to data from CoinMarketCap, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets.