Bitcoin tumbled below $90,000 as gold reached record highs, driven by Trump’s tariff threats, a weaker U.S. dollar, and mounting stagflation concerns ahead of key inflation data.
Bitcoin dropped sharply from $96,000 to under $90,000 while gold surged to record levels, reflecting investor flight to scarce assets amid renewed Trump tariff threats and U.S. dollar weakness. Inflation concerns, fueled by upcoming Personal Consumption Expenditures (PCE) data, have heightened stagflation fears, prompting increased flows into gold, silver, and other commodities.