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Bitcoin has experienced a decline amid rising global trade tensions, dropping 1.3% in the past 24 hours and 8.58% this week to approximately $79,000. The downturn follows U.S. President Donald Trump's warning of new tariffs on European alcohol, which has heightened fears of a trade war. As investors reacted to these developments, gold surged to a record high of $2,985, reflecting a shift towards safer assets. The S&P 500 and Nasdaq also fell, with declines of 1.5% and 2.2%, respectively, marking the steepest pullback in nearly two years. Analysts remain divided on the implications for Bitcoin, with some viewing it as a potential hedge against inflation amidst economic uncertainty.
Bitcoin dipped below $80K today as Trump’s trade war rattled markets 📉 Investors shifted to gold and Treasuries, signaling a risk-off move 🏦 Is this a moment for caution or an opportunity for those who embrace value? - Stocks see their steepest pullback in nearly two years…
📉🥇 Markets shiver as Trump’s EU alcohol tariffs rattle stocks, Bitcoin slips below $80K, and gold hits a record $2,985. • S&P 500 (-1.5%), Nasdaq (-2.2%) sink amid trade jitters. • Bitcoin tumbles to $79K; gold’s 13.65% YTD rise steals the spotlight. • What's going to…
🇪🇺🇺🇸GOLD HITS RECORD HIGH AS TRADE WAR FEARS ESCALATE Investors rushed to gold as a safe haven after Trump warned of massive tariffs on European alcohol. The prospect of a new trade battle sent markets into a frenzy. Tensions between the U.S. and the EU are escalating, with… https://t.co/tNrQfgwDcV https://t.co/uRtfIzVKmT
