Gold jumps to a new record, stocks and Bitcoin remain doubtful and dollar drops

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Last Updated on 12 April 2025 by CryptoTips.eu

After a stock market week reminiscent of 2008 and that Lehman brothers crash, we ended with a difference of barely 1% for Bitcoin compared to last week on Saturday morning, with a new record for gold and with a very low value for the dollar (versus the Euro). So what will happen next?

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The ever-increasing import tariffs that both the United States and China are imposing on each other are making the stock markets (and Bitcoin) dizzy. While the largest digital currency can still count on the support line of $75,000, the stock markets are not in the same boat. They are falling through their support lines and some are trading at their lowest levels of the past 12 months.

 

The rest of the crypto market is mainly looking to Bitcoin for direction.

The only real big winner this week is gold, as painful as it is for a crypto site to admit this. The precious metal is living up to its name as the king of safe havens and is climbing ever higher. A record price of $3,200 was already reached on Friday and if we were to have an import tariff of 200% between China and the United States next week, a new increase of around 5 to 10% is not impossible for gold.

“Recession risks are mounting and the U.S. dollar continues to weaken, all factors reinforcing gold’s role as a crisis hedge and inflation shield,” said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.

Bitcoin needs to hit $84,000 again in the coming days to avoid falling below the 200-day moving average.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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