Gold prices and Bitcoin Rally Adid Trump-Powell Feud, submerged dollar and tariffs – DL News

Bitcoin can finally have a golden moment, he pushed into tandem with the gold itself.

The upper cryptocurrency rose to one and half-sister months from $ 87,500, while gold climbed to new all the time of $ 300 per ounce.

Both funds are gathered while investors flee instability in traditional markets.

The US dollar index It follows at almost 98, the lowest point from the beginning of 2022. years followed by fears of renewed political pressure on federal reserves and current global trade tensions.

Donald Trump leaned against hard rhetoric on Sunday, publishing O Social truth: “Golden rule of negotiation and success: The one who has gold real rules!”

Gold broke up to the new all the time of high time in the hours that followed.

It is now increasing 100% of the Savid-19 pandemic began, doubles over five years of economic shocks, fastening speeds and incentive waves.

Fed Feud

At the same time, markets are on the verge of Trump repeated attacks on the Fed Chair of Jerome Powell, which is accused of keeping interest too long.

“If I want Powell From Hence, he will quickly, believe me,” said Trump last week, speculation, encouraging guessing so that he could try to eliminate the head of the central bank before it is 2026. Years.

The odds Powell is overthrown Recently hit 21% In the polymarket prediction market, before slipping back a little.

Senator Elizabeth Warren warned that such a move could challenge Haos: “If President Powell may fire the president of the United States, it will collapse the market,” CNBC told Friday.

Meanwhile, Trump administration progresses forward by cleaning tariffs in Chinese imports, runs sharp warnings from Beijing.

China threatened “Create countermeasures“Against any country attacking trading jobs at its expense, as global bracelet supply chains for renewed disorders.

Bitcoin moment

The turmoil was enough to help to experience below $ 75,000 in the long run this month in the long run this month. It has indicated a loss of over 30% in January in the amount of $ 108,000.

He also reiterated criticism that Bitcoin was not built to withstand geopolitical plates and that it was narrative Around Bitcoin is “digital gold” wrong.

Geoff Kendrick Standard Chartered was written in March that Bitcoin had not yet acted as a true safe haven, noting, “Bitcoin is almost always correlated to Native.”

But her recent division of stocks per share begins to move the tone. “Bitcoin pump while stocks of the future traded,” exaggeration Apollo Co-founder Thomas Fahrer. “It’s almost on the market to treat him like it’s an alternative financial system or something.”

With a weakening dollar, inflation is painted again and gold on new top, Bitcoin can get another shot to test your broom.

Cripto shopping boats

• Bitcoin gained 3.4% in the last 24 hours and traded $ 87,340.
• Etherum is 3.2% to $ 1,640 in the same period.

What are we reading

Kyle Baird is DL news “editor of the weekend. You have the top? E-mail on kbaird@dlnews.com.