#TrumpCongressSpeech Market Response to Economic uncertainties
In light of the recent U.S. trade policies, both stocks and cryptocurrencies have taken a hit. The S&P 500 and Nasdaq Composite Index dropped by 1.76% and 2.64%, respectively, further confirming the trend of risk aversion among investors. Meanwhile, gold prices are gaining traction as a preferred asset.
This change in sentiment highlights the stark contrast between Bitcoin and gold’s price performances; while gold has risen over 10% this year, Bitcoin has decreased by approximately 10% since January 1st, demonstrating a clear shift in investor confidence.$BTC $ETH #WhiteHouseCryptoSummit $BTC