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Bitcoin outperforms gold as US puts 3,251% tariff on Asian solar panels – TON BOT

Bitcoin outperforms gold as US puts 3,251% tariff on Asian solar panels

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Bitcoin has outperformed gold in the past 36 hours, reaching $88,500 and climbing 4.4% compared to gold’s 3.5% increase to $3,445 per ounce. The US imposed high duties on Southeast Asian solar panels, causing trade fears with China. Bitcoin and gold’s rise suggests a preference for hard assets. Equity markets remained defensive, while Bitcoin’s correlation with gold increased. The solar-panel levies may impact US-based miners using renewable energy. Bitcoin futures open interest rose during the rally. Regional flow patterns in Asia influenced Bitcoin’s price discovery. Bitcoin’s correlation with the S&P 500 ETF was negative, showing independence from equities.

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