Trump is stirring up trouble again! The dollar is crashing, gold is soaring to new highs, and what impact will the impending panic have on the cryptocurrency market?

Gold continues to rise, standing above $3200/ounce, breaking $3210 at the time of writing, setting a new historical high, just over ten days since it surpassed $3100/ounce, with a daily increase of over 1% and an annual increase of nearly 22%.

On Wall Street, the 'stock, bond, and currency' market continued to expand during Friday's Asian session, with Nasdaq futures down 2%; the dollar index fell 1%, falling below the 100 mark for the first time since July 2023; the 30-year U.S. Treasury yield rose by over 6 basis points, while the 10-year rose by 4 basis points.

In Wall Street, U.S. Treasury bonds are hailed as 'rock solid and safe with no risk,' and have long been the first choice for investors during times of panic. During the global financial crisis, the 911 incident, and even when the U.S. itself had its credit rating downgraded, U.S. Treasury bonds saw a rebound. But now, as Trump launches a full-scale attack on global trade, their status as the world's safe haven is increasingly being questioned.

Both gold and U.S. Treasury bonds have safe-haven properties.

When there is market uncertainty or economic turmoil, gold, as a traditional safe-haven asset, typically sees its price rise. In this context, investors may withdraw funds from the high-risk cryptocurrency market and turn to safer gold to protect asset value. This flow of funds can lead to decreased demand in the cryptocurrency market, putting pressure on prices.

When gold prices rise, it indicates an increased demand for safe-haven assets, which may reflect investor concerns about the future economic outlook, thereby affecting confidence in the cryptocurrency market. Although the two do not move completely in sync, the trend of gold can serve as an indicator of sentiment in the cryptocurrency market.

Therefore, the surge in gold not only reflects the uncertainty of the global economic environment but may also indirectly impact the market performance of cryptocurrencies through investor behavior.

Furthermore, subsequent fluctuations in Bitcoin will also be indirectly influenced by Trump's impact on U.S. Treasury bonds! If you also find it hard to understand the market recently, leave 555! Dance hall sharing