Bitcoin (BTC) holds ground as precious metals slide on ETF outflows and liquidity strains, JPMorgan says
Published on March 26, 2026.
Bitcoin (BTC) has remained more resilient than traditional safe-haven assets, despite falling into the low-$60,000 range due to outflows, positioning unwinds, and deteriorating liquidity. The Wall Street investment bank, JPMorgan, highlighted that Bitcoin's market breadth has fallen below that of gold. Despite a sharp correction from its October all-time highs, Bitcoin prices have since stabilized in the high-$60000 to low-$70,000. This resilience suggests that bitcoin is behaving less like a pure safe haven in the immediate shock phase and more like a high-beta macro asset. Gold has fallen roughly 15% month to date, reversing a rally that pushed prices to record highs near $5,500 in January. JPMorgan analysts attributed the sell-off to rising interest rates, a stronger U.S. dollar, and profit-taking by both retail and institutional investors.
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