Bitcoin Drops Near $64K and Gold Surges as Trump Tariff Hike Rattles Markets
Sourced from 3 publications
- •President Donald Trump announced a global tariff increase to 15% to preserve protective trade measures.
- •Bitcoin dropped sharply, falling below $65,000 according to CNBC and dipping near $64,000 per Business Standard, amid broad risk-off sentiment.
- •Gold prices extended three consecutive weekly gains, with Business Standard reporting bullion above $5,170 an ounce, though this figure appears historically unusual.
- •Bloomberg reported that uncertainty over U.S. trade policy weakened the dollar and unsettled broader markets.
- •Analysts described the market reaction as a classic risk-off shift from speculative assets toward traditional safe havens.
Sources
Risk-off wave hits crypto after Trump's tariff move; Bitcoin dips near $64k
business-standard
Gold rises above $5k as Trump tariff defeat throws trade deals into doubt
business-standard
Gold Rises as Trump Tariff Defeat Throws Trade Deals Into Doubt
Bloomberg
Bitcoin falls below $65,000, dropping over 5%, after Trump raises global tariffs...
Lee Ying Shan
Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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