Amidst growing economic tensions fueled by escalating tariffs between the US and China, Bitcoin has surged by 12% in recent weeks, defying traditional market movements. Despite a volatile period for other assets like the S&P 500 and altcoins, Bitcoin’s performance suggests a shift towards its more traditional counterpart – gold. According to Alex Svanevik of Nansen, the leading cryptocurrency is starting to resemble gold in terms of investor confidence in its long-term value, highlighting a growing resilience to market fluctuations. However, this hasn’t entirely shielded Bitcoin from recession fears which are intensifying globally. A recent report by JPMorgan predicts a 60% likelihood of a US downturn in 2025, prompting the bank to anticipate rate cuts from the Federal Reserve as early as September and potentially reaching 3% by 2026.