Bitcoin Surges Past Gold as Trade Tensions Rise With 3521 Tariff on Asian Solar Panels
Bitcoin has outperformed gold in the last 36 hours, hitting a new high of $88,500, which reflects a remarkable 4.4% increase. In contrast, gold rose by 3.5% to reach $3,445 per ounce. This surge comes on the heels of the US imposing a staggering 3,521% tariff on solar panels imported from Southeast Asia. This new duty has reignited concerns over potential trade tensions with China, impacting sentiment across various asset classes. Investors are closely watching these developments as they could significantly impact market dynamics.