黃金從歷史悠久的頂部下降，但比特幣不是新的避難所

在高達3,500美元的盎司後，週二獲得了新的歷史記錄，黃金丟失的指甲油，今天早上滑到3300美元（-2.2％）。

Gold price today descends from the historic highs, but Bitcoin is not the new refuge. After the rise to $ 3,500 an ounce, a new historical record reached on Tuesday, saw the precious metal lose ground, sliding this morning to $ 3,300 (-2.2%).

當今的黃金價格來自歷史最高的高點，但比特幣不是新的避難所。在每盎司上漲至3,500美元之後，週二獲得了新的歷史記錄，看到了貴金屬損失地面，今天早上滑到3,300美元（-2.2％）。

To trigger the correction was an unexpected change of pace by the White House: Donald Trump backed down on the president of the Fed, Jerome Powell, stating that he does not want to remove him, after days of threats and pressures for a cut in the rates. A sign of relaxation that has cooled the demand for safe-haven assets, with gold collapsing by $ 200.

觸發更正是白宮​​的意外變化：唐納德·特朗普（Donald Trump）退縮了美聯儲杰羅姆·鮑威爾（Jerome Powell），他說他不想撤職，經過數日的威脅和壓力，以削減利率。放鬆的跡象使人們對安全資產的需求降低了，黃金崩潰了200美元。

But that's not all: the climate has also softened on the China front. The Secretary of the Treasury, Scott Besent, called the commercial war "unsustainable", while Trump spoke of "substantially lower" duties if an agreement is reached. The response of the markets was not slow in coming and saw the Bitcoin rate also divide, returning above 93,000 dollars (+6% in 24 hours), increasingly hooking to the movements of the yellow metal. Affaritaliani.it contacted the Activitrades analyst, Saverio Berlinzani.

但這還不是全部：氣候在中國陣線上也已經減輕了。財政部長斯科特·貝斯特（Scott Besent）稱商業戰爭為“不可持續”，而特朗普則說，如果達成協議，則“大幅降低”職責。市場的反應並不是很慢，並且看到比特幣速率也分裂，返回了93,000美元以上（24小時內+6％），越來越多地吸引了黃色金屬的運動。 avratiani。它聯繫了激進分析師Saverio Berlinzani。

Powell is now "safe"? How credible is this Trump rethinking?

鮑威爾現在是“安全的”嗎？這個特朗普重新思考有多可信？

"Until now Trump has alternated a stick and carrot in his pronouncements. So we would not be surprised to hear criticism again of the governor of the Fed's work soon. The market remains poised between Risk On and Risk off and can change trend several times according to the pronouncements of the US President."

“到目前為止，特朗普在他的聲明中已經交替了一根棍子和胡蘿蔔。因此，再次聽到對美聯儲工作總督的批評，我們不會感到驚訝。根據美國總統的聲明，市場仍然有望在風險上和風險之間有所改善，並且可以幾次改變趨勢。”

Gold has gained over 30% since the beginning of the year. Is it still a sign of strength or has it become the mirror of global uncertainty?

自今年年初以來，黃金上漲了30％以上。它仍然是力量的跡像還是成為全球不確定性的鏡子？

"Gold is a safe-haven asset and as such the gains have supported it in this period of great uncertainty, gaining 30%, but perhaps it has reached excesses and the descent of 200 dollars which represents 6% of the discount, shows that the excesses can be corrected."

“黃金是一種避風港的資產，因此在這一不確定性的時期獲得了30％的收益，但也許它已經達到了超過30％，而佔折扣佔6％的200美元的下降表明，可以糾正過度。”

What is fueling the Bitcoin rally today? Can we really consider cryptocurrency a valid alternative to gold, or are we still in too volatile territory to speak of a "safe-haven asset"?

今天是什麼助長比特幣集會？我們真的可以將加密貨幣視為黃金的有效替代品，還是我們仍然處於波動的領域，無法說出“避風港資產”？

"Bitcoin moved upwards from August 2024, when it went from 50 thousand to over 100 thousand, due to the scarcity of the offer (limited number of coins) compared to the demand, but it did not go up as a safe-haven asset because it is not. In fact, it is an investment asset typical of the Risk On phases and as the drop which we witnessed in 2025 (from 109 thousand to 75 thousand) shows, in conjunction with a strong rise in gold. Therefore, the crypto in question cannot, at least for the moment, be considered a good safe-haven asset."input: As the U.S. president mulls over cutting interest rates to cushion the economic blow from the trade war with China, and threatens to remove the Federal Reserve chair if he doesn't comply with his request, the Bitcoin price today rose again.

"Bitcoin moved upwards from August 2024, when it went from 50 thousand to over 100 thousand, due to the scarcity of the offer (limited number of coins) compared to the demand, but it did not go up as a safe-haven asset because it is not. In fact, it is an investment asset typical of the Risk On phases and as the drop which we witnessed in 2025 (from 109 thousand to 75 thousand) shows, in conjunction with a strong rise in gold.因此，至少目前，有問題的加密貨幣不能被認為是一個很好的避風港資產。

After a stellar run in 2023 saw the Bitcoin rate almost quadruple to around $70,000 by early December, the crypto slid to $48,000 on Monday as Trump’s threats to remove Jerome Powell if he doesn't cut rates.

在2023年的出色表現之後，比特幣利率在12月初幾乎達到了70,000美元左右，週一，加密貨幣率在48,000美元上滑至48,000美元，因為特朗普的威脅要刪除杰羅姆·鮑威爾（Jerome Powell），如果他不降低利率。

However, the president later relaxed his tone, and said he would prefer if the Fed chair stayed on at least until the 2024 election.

但是，總統後來放鬆了他的語氣，並說，他更喜歡至少在2024年大選之前一直待在美聯儲主席。

That saw Bitcoin new price today rise again, trading at 92,575 by 07:05 ET (11:05 GMT). Still, the crypto is about 40% lower than March when it hit a record high of $155,000.

這使比特幣的新價格又上漲了，在07:05 ET（GMT 11:05）的交易價格為92,575。儘管如此，該加密貨幣還是比三月低約40％，當時它達到了15.5萬美元的創紀錄。

Trump’s threats to remove Powell had also sparked a rally in the U.S. dollar, which in turn, threatened to derail the rally in the crypto markets.

特朗普驅除鮑威爾的威脅也引發了美元集會，這反過來又威脅要在加密貨幣市場中脫軌。

But the Treasury Secretary, Yellen, soothed some of those concerns when she said the trade war was becoming "unsustainable" and that Trump was open to reducing tariffs "substantially" if a trade deal was reached with China.

但是財政部長耶倫（Yellen）說，當貿易戰變得“不可持續”時，她撫慰了其中一些擔憂，如果與中國達成貿易協定，特朗普願意降低關稅“大幅”關稅。

The world's largest cryptocurrency was trading with gains of 6%, while the cryptocurrency market capitalization rose above $3.1 trillion.

全球最大的加密貨幣正在以6％的收益交易，而加密貨幣市值則超過3.1萬億美元。

Bitcoin is now trading at levels last seen in early May, and a further rise could see the crypto test the $100,000 mark again. A move above that level could open the door for a rally to the March highs of $155,000, or even the $180,000 level which was reached in 2023.output: U.S. President Donald Trump said on Monday he

比特幣現在在5月初最後一次出現的水平上進行交易，進一步的上升可能會再次測試100,000美元的成績。超過該水平的舉動可能會為拉力賽打開大門，直達3月的高點15.5萬美元，甚至在2023年達到的180,000美元水平。