Key dealers
- Gold reached a record $ 3,384 and Bitcoin rose to $ 87,500 after Trump’s statement.
- A synchronized rally between gold and bitcoin suggests potential market uncertainty and a weaker US dollar.
Gold and Bitcoin, often called “digital gold”, climbed higher during early Asian trade after Trump reintroduced attention to these top resources.
In a post about the truth social, the president declared“The golden rule for negotiations and success: he who has the gold makes the rules.”
The statement, which touched on the aged link between wealth and power, triggered a strong market reaction.
Gold hit the record $ 3,385 and got almost 2% in 24 hours, according to Tradingview. Bitcoin also collected and increased about 3% to $ 87,500. The token has increased by 4.5% over the past week.
Trump’s weekend comments were not of nature, given that he had made similar comments before. Although it may seem tied to the latest winnings in bitcoin and gold, analysts believe that the real momentum comes from ongoing tensions in USA-Kina and growing financial uncertainty.
The Kobeissi letter, which comments on the rare synchronized rally of gold and bitcoin, said it signals a growing consensus among investors that the uncertainty is being built and the US dollar may be lower.
“Gold has hit its 55th highest time in 12 months, and Bitcoin officially joins the driving, now over $ 87,000. The story in both gold and Bitcoin is in line for the first time in year: Gold and Bitcoin tells us that a weaker US dollar and more uncertainty is on the way, the” Kobeissi letter abandoned.
The US dollar index fell to a three -year flap in early Asian trade on Monday. According to Zerohedge, the sharp decline was driven by increasing market fear following comments from the National Economic Council Director Kevin Hassett, which indicated President Trump still considering ways to Remove the Fed President Jerome Powell.
The prospect that Trump exercises more direct control over monetary policy, or continues his public attacks on the Fed, has unrelated traders. As a result, investors moved aggressively to sell the dollar, the analyst suggested.
It makes Bitcoin’s behavior during this dollar collapse remarkable. Historically, when the dollar is weakened, Bitcoin’s price often falls as well, as both assets can be seen as competing safe investments.
However, Bitcoin did not follow the usual pattern and signaled a “regime change.”
There it is: Dollar decomposing and suddenly Bitcoin is floating $ 1000 higher to $ 86750, at most since April 2. Looks like the regime shift finally kicked in
At the same time, gold grows to fresh record heights
– Zerohedge (@zerohedge) April 21, 2025
Market observers suggest that this deviation may indicate Bitcoin’s developing role as a store of value, which potentially separates it from the technical sector volatility, although analysts warns it is too early to confirm a definitive risks.
Franklin Templeton digital assets reported Last week, the bitcoin shows a stronger correlation with technical layers rather than gold.
Despite the story of Bitcoin as “digital gold”, data shows over the past three years a correlation coefficient with gold that rarely exceeds 0.3, indicating that the two assets usually move independently.
However, Bitcoin’s correlation with technical shares has reached as high as 0.7, which confirms its adaptation more to the technical sector than with traditional assets with the safe seas.
