Gold extended its rose further toward the $3,200 per ounce mark on Friday, a new record, lifted by a weaker US dollar and surging demand for safety following further escalation in the US-China trade war. China lifted its tariffs on the US to 125% as of April 12th and stated it will ignore further US responses after a series of increases in tariffs by the White House topped at 145%. The current measures are due to impact nearly $700 billion of goods exchanged between the world's largest economies every year, paring risk assets tied to global growth and supporting inflows into safety. On the monetary policy front, the Federal Reserve gave no indication that it will intervene in policy to cap the surge in long-dated yields, but further evidence of disinflation in the March CPI report supported the case for rate cuts this year, also supporting bullion assets. #GOLD_UPDATE #SecureYourAssets
Crypto markets pulled a surprise move today—BTC slipped below $75K, and major altcoins like ETH, BNB, and LTC followed the dip. What’s going on?
One possible factor: Trump’s recent comments about bringing back or increasing tariffs if re-elected. While it’s not a direct hit to crypto, it adds uncertainty to global markets. Tariffs could impact inflation, trade flows, and investor sentiment—all of which influence where capital flows.
In uncertain times, riskier assets (like crypto) often feel the pressure first.
Is this just a healthy pullback or the start of something deeper?
Let me know what you think below. Are you buying the dip, sitting tight, or eyeing the macro news close. #MarketUpdate #TRUMPTRIFFS $BTC $ETH #Altcoins #CryptoCommunity
Economics policies can impact investor sentiment, leading to shifts in both traditional and digital asset markets.
The cryptocurrency market experienced a decline following President Donald Trump's announcement of new tariffs last night. Bitcoin, for instance, fell approximately 4% in response to the news.
The announcement introduced significant tariffs on auto imports and increased duties on major trading partners, including China and the European Union. This move led to market volatility, with Bitcoin's price dropping from around $88,000 to $82,500. $BTC $ETH #TrumpTariffs
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