Cypto

Bitcoin and Gold Surge as Conflict Between Trump and Powell Intensifies

Global financial uncertainty has risen again amid the conflict between US President Donald Trump and Federal Reserve Chair Jerome Powell. This tension could trigger a capital flight to the safest assets – which is what has caused the prices of Bitcoin and gold to surge simultaneously. The main trigger is the crisis over the Fed's independence.

Asset Price Movements

Political instability in Washington has directly impacted global trading charts:

• Bitcoin (BTC): Rose 1.5%, reaching up to 92,000 US Dollars. This increase indicates investors' confidence in the crypto world.

• Gold: Rose 1.53% to 4,578 US Dollars per ounce. This precious metal remains the top choice for conservative investors avoiding stock market risks amid government conflict.