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Bitcoin flat as China announces new 125% tariff on US goods, gold spikes, oil declines

Bitcoin's flat performance highlights debate over its use as a safe-haven asset during trade conflicts.

CryptoSlate

Apr 11

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Happy Friday!

China's announcement of a 125% tariff on US goods has sent ripples through global markets, with Bitcoin holding steady while gold surges and oil dips. In the crypto space, legal and regulatory updates take center stage as the SEC and Ripple pause appeals to explore settlement terms, and new guidelines for crypto asset registration are introduced. Meanwhile, the Human Rights Foundation unveils a Bitcoin Alliance aimed at promoting financial freedom and civil liberties worldwide. Dive into today’s top stories below!

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The global crypto market cap is $2.6 trillion, with a 24-hour volume of $93.61 billion. The price of Bitcoin is $82,039.57, and BTC market dominance is 62.7%. The price of Ethereum is $1,556.24, and ETH market dominance is 7.2%. The best-performing sector is Bitcoin Ecosystem, which gained 21%. The Crypto Fear & Greed Index is currently Extreme Fear (25).