Analyst: The sell-off early this morning shows that it is uncertain whether BTC is a safe-haven asset

According to foreign media today, investors and analysts have been discussing Bitcoin's status as a potential safe-haven asset for a long time, but the sell-off early this morning seems to invalidate this concept. Currently, bitcoin, altcoins and global stocks are all showing strong bearish sentiment, largely due to concerns about the rapid spread of coronavirus globally (at least in traditional markets). This sell-off has already had an impact on niche markets like cryptocurrencies. Some analysts said that Bitcoin and altcoin may be related to the US stock market for the time being. Some analysts also pointed out that BTC, as an emerging market, cannot determine whether it is actually a safe-haven asset and whether it has any association with assets such as gold or stocks.