Impact of Trump’s Tariffs on Bitcoin and Gold Prices
- Bitcoin’s price fell below $93,000, a 14% decrease from its all-time high on January 20.
- Gold prices reached a new high amid market uncertainty.
- Bitcoin’s correlation with gold has significantly decreased, nearing zero over a 90-day period.
- Tariffs imposed by President Trump on Canada, Mexico, and China affected crypto markets negatively.
- Bitcoin’s volatility ranged from $105,893 to $92,876 within seven days.
The imposition of tariffs by President Trump led to a decline in Bitcoin prices while gold soared as investors sought traditional safe-haven assets. Bitcoin’s volatility remains high compared to gold during economic uncertainty.
Source (2.6)https://decrypt.co/304583/trump-trade-war-affecting-bitcoin-gold?rand=52368
