Bitcoin and gold are being seen as key hedges amid macroeconomic instability, with the U.S. dollar experiencing its worst start since 1973.
BTC price hit a new all-time high of $118,000, with the crypto market cap nearing $4 trillion, while concerns are rising over President Trump's proposed 200% tariffs on the pharmaceutical sector.
The surge in Bitcoin and gold prices reflects the growing demand for alternative stores of value amidst skepticism towards fiat stability, with Bitcoin emerging as a hedge against financial market turbulence.
President Trump's proposed 200% tariffs could impact various sectors, including potentially crypto, leading to market uncertainty despite the current bullish sentiment among traders.