Bitcoin Crashes 20% Overnight, Further Proving Crypto Is A Risk Asset

The "safe haven" crashed $9,000, or about 15%, in the span of just an hour.

If you needed any further proof that bitcoin trades like a risk asset and you weren’t convinced last week when the crypto was extremely volatile while, at the same time, gold was barely ticking back and forth by 1%, look no further than the overnight session Friday night into Saturday morning for most US traders, where bitcoin has collapsed almost 20% a…