This Haven Asset is Beating Bitcoin amid Recession Fears

This year’s run-up in the bitcoin price has been attributed to numerous factors: the US-China trade war, bold monetary easing by central banks, a weakening Chinese Renminbi, Facebook’s plans to launch its cryptocurrency, as well as market manipulation via Tether’s USDT stablecoins. But a recession is still not one of those catalysts.
The benchmark crypto-asset continues to trend in the negative area as rating agencies send high alerts for the US economy. The BTC/USD instrument