Bitcoin fails its test as a haven in times of global turmoil

Bitcoin—the biggest and best known cryptocurrency—is falling along with stocks and other assets following a provocative nuclear test by North Korea over the weekend. If you believe non-state-controlled digital currencies are the havens of the future, traders aren’t treating bitcoin like one today.

Gold and even the Japanese yen (Tokyo is about 800 miles from Pyongyang) are outperforming bitcoin during the latest bout of global tension about North Korea’s nuclear program:

To be fair...

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