Gold and Bitcoin Shine as Safe Havens Amid Market Turmoil đ
Gold soared past $3,500/oz, and Bitcoin hit its highest since early April, both thriving as investors flee U.S. stocks, bonds, and the dollar. Fears over Federal Reserve independence are spiking due to Trumpâs push for rate cuts and potential moves to oust Fed Chair Powell. Bitcoinâs surge, backed by strong spot demand and $381.3M in ETF inflows, shows institutional confidence. Meanwhile, U.S. credit markets are wobbling, with rising costs to insure high-grade debt. Gold and Bitcoin are emerging as go-to assets for safety and inflation protection in a shaky market.
I think the rally in gold and Bitcoin makes senseâwhen trust in traditional markets wavers, people flock to assets that feel âsaferâ or decentralized. The Trump-Fed drama is a wildcard, and itâs no surprise markets are jittery. Bitcoinâs institutional comeback is particularly interesting; itâs acting less like a speculative gamble and more like digital gold. If volatility keeps climbing, these two could keep stealing the show.
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