tariffs

**Bitcoin Slips as Goldman Bets on Yen—Is BTC Losing Its Safe-Haven Status?**

April 2, 2025 RAYMOND 0

Goldman Sachs has identified the Japanese yen as the strongest hedge against rising U.S. recession risks, emphasizing its historical reliability in uncertain market conditions. On Wednesday, Bitcoin struggled against the yen, dropping 1% after failing to break key resistance levels, while broader financial markets braced for potential economic fallout from President Donald Trump’s new tariffs.

Despite some crypto analysts viewing Bitcoin as a haven asset, Goldman maintains that the yen is the superior safeguard against economic downturns, citing its resilience when U.S. equities and real interest rates decline. The strengthening yen could also trigger risk-off sentiment, similar to last year’s unwinding of yen-funded trades, which led to sharp declines in both stock markets and Bitcoin. Goldman forecasts further yen appreciation, expecting the USD/JPY exchange rate to fall into the low 140s, reinforcing its status as a key safe-haven currency.

Bitcoin Soars Toward $81K While XRP, ADA Sink—Will a Tariff War Spark Market Chaos?

March 31, 2025 RAYMOND 0

Global stock markets continued their downward trend for the fourth straight day as investors braced for President Donald Trump’s impending tariff announcement. Major Asian indices, including Hong Kong’s Hang Seng and Japan’s Nikkei 225, suffered sharp losses, while U.S. and European stock futures also slipped. Amid the market turmoil, gold surged to an all-time high and U.S. Treasury yields declined as traders sought safe-haven assets. Meanwhile, Bitcoin ETFs recorded a $196 million inflow last week, contrasting with ether ETFs, which saw net outflows. In the crypto space, $751.2 million in token unlocks are set for release this week, with a significant $4.4 billion expected in May.