Jakarta, May 13, 2025 – Trade tensions between the United States and China have begun to ease, and the impact is felt directly in the global asset market. Gold, which has long been known as a safe-haven asset, has instead recorded a sharp decline. On the other hand, the crypto market is celebrating!
Gold Falls, Bitcoin Soars
The price of Antam gold recorded a decrease of Rp21,000 to a level of Rp1.8 million per gram on Tuesday (13/05). This decline means gold has dropped 7.07% from its highest price of Rp2,027,500 achieved on April 22.
However, it is different with Bitcoin, which is often dubbed as digital gold. Amid the easing of geopolitical tensions, Bitcoin actually surged 9.90% to break the price of US$103,000!
Altcoins Also Rise
The Bitcoin rally has also driven the rise of other crypto assets. Here’s the performance of several altcoins in the last 24 hours:
Ethereum (ETH): up 38%
Dogecoin (DOGE): surged 33%
XRP: strengthened 21%
Solana (SOL): up 20%
This significant increase indicates a shift in investor sentiment from traditional assets to more speculative digital assets that promise high returns.
Impact of Trump Policies and China
The main trigger for this turmoil was a surprising move by then US President Donald Trump, who lowered tariffs on China from 145% to 30% for 90 days, to open up dialogue on tariffs between the two countries. In response, China also reduced its retaliatory tariffs from 125% to 10%.
These steps are seen by the market as a positive signal that trade tensions may ease, thus reducing the need for investors to hold gold as a protective asset. As a result, investor funds began to flow into high-risk assets such as crypto.
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Conclusion:
Trade peace has had different impacts on two leading assets: gold as a symbol of safety weakens, while Bitcoin and altcoins showcase their strength. Is this the beginning of a new crypto dominance as the asset of the future?
Come on, get ready to take positions! The crypto market is heating up!
#CryptoRegulation #BinanceAlphaAlert