Golden Hit Ath, Bitcoin Plunges – What drives divergences?

It was less than two weeks since Donald J. Trump entered the White House, and already caught cages with numerous controversial decisions. The latest came on Saturday night as he accused rage taxes on China, but also his two neighbors – Canada and Mexico.

Given the fact that his actions came over the weekend, when only one financial market for trading opened, this market would be expected to face music.

Bitcoin Pad over the weekend

The Trump 25% of the tariffs on Canada did not pass unnoticed, and the latter Prime Minister Justin Trudea, answered kindly by the same tax on American goods. After Trump’s justification, claiming that these taxes aim to protect American citizens, as well as reducing drug flow and undocumented immigrants in the United States, Trudeau said:

“We don’t want to be here; we didn’t ask for this.” However, he added that his country “did not descend” and that their retaliation was a sign to be “standing for Canadians.”

He prepared his response and cinema with Mexico, stated that the Trump Tariffs in the World Trade Organization, seems to be far from reaching the top, and there is no escalation removal in sight. Moreover, the U.S. president has a clause in the order he signed that allows him to impose even greater taxes whether the above nations agreed, because they seem to work.

The political landscape has worsened over the weekend while the Trump Orders were signed on Saturday, and the only open financial market received the largest blow. Since 24/7 is a trading property, BTC’s price dropped with over $ 106,000 on Friday to less than $ 98,500 earlier today.

Gold hits in Ahi

The surface seems golden shares of prices in the last few days in contrast to the BTC. Finally, dear metal shoots up to fresh all the time high than almost $ 2,820 / oz on Friday. However, the Mejak also withdrew after a new top and closed Friday (and January) at only 2,800 dollars.

Moreover, gold, just like stocks and all other financial markets that are not crypto, close to trading over the weekend, so the impact on it has yet to be seen. Futures markets offer little insight press time, so when the Asian trading session opens on Monday morning, discovering the right picture behind the trump card.

At the same time, the impact on Crypto and BTC could also get worse if the larger is loaded in the next few days.