Gold and Bitcoin prices are down as investors flocked to USD amid Trump tariffs and trade war fears. Cash is now king as it is more liquid than even the best safe havens. Investors turn to the Best Wallet presale. Over $11.5 million raised. The project could benefit from rising crypto adoption.
Global financial markets started the week on the wrong foot. A cascade of sell-offs, especially in crypto markets over the weekend, intensified days after U.S. President Donald Trump insisted that his “Liberation Day” tariffs would be implemented starting April 9.
Trade restrictions continue to stoke fears of a global trade war, particularly against China, Canada, and the European Union. Accordingly, investors are readjusting their portfolios as they brace for potentially high inflation and even stagflation in the U.S.
The result was immediate and, for some investors, catastrophic. The flight to the USD, the world’s reserve currency and a safe haven, triggered sharp, double-digit declines in Bitcoin.
There were also major losses in gold. Bitcoin and gold are considered assets for hedging against major global turmoil and uncertainty.
However, in the current risk-off environment, investors appear to be dumping them for cash.
Explore: How to Buy USD Coin (USDC) – Beginner’s Guide
Bitcoin and Gold Bleed, Cash Is King?
Bitcoin crashed from a high of $88,500, registered on April 2 during the “Liberation Day” tariff announcement, to as low as $75,000 at one point on April 7.
The sell-off, driven mainly by intense liquidations across major exchanges, pushed the coin below critical support levels and toward the important support at $74,000. At this price level, all gains posted after Trump clinched the presidency in November 2024 would have been reversed.
(BTCUSDT)
Meanwhile, gold futures hit a record all-time high of $3,167 earlier this week but pulled back sharply as financial markets digested the impact of Trump’s tariffs.
Like Bitcoin, gold has been marching higher since Q4 2024. Not only did it break $3,000 in Q1 2025, but it also extended gains, pushing to all-time highs as fears of recession, high inflation due to tariffs, and slow economic growth from trade wars forced investors to seek safety.
The strengthening of the USD cemented its role as a reserve currency, boasting higher liquidity than both gold and Bitcoin.
Safe haven buying of the Dollar is kicking in. You can't see it in Euro or Yen, which are up as carry trades funded out of these currencies have been stopped out. But you can see it across EM in currencies like the Brazilian Real, which is now selling off as global stocks fall… pic.twitter.com/xHclyeZpVu
— Robin Brooks (@robin_j_brooks) April 4, 2025
Over the last few days, crashing prices have also pushed these two safe havens lower, meaning they can’t offer the immediate liquidity needed in crisis moments.
DISCOVER: 20+ Next Crypto to Explode in 2025
Focus on the Best Wallet Presale
As panic grips the markets, savvy investors are shifting their attention to some of the hottest presales in 2025, such as Best Wallet.
Interest in the Best Wallet presale continues to rise despite market turmoil. The project is attracting investors thanks to its utility, innovation, and long-term potential.
What sets Best Wallet apart is its unique ecosystem, which makes it a comprehensive DeFi platform. The platform supports DEX and debit cards and allows purchases using crypto.
Through the platform, users can stake crypto while also investing in some of the best cryptos in 2025.
Discover new crypto projects before the hype hits! 🔥
Upcoming Tokens in Best Wallet lets you:
🔹 Find early-stage crypto projects
🔹 Learn key info before buying
🔹 Buy directly in-app, no third-party wallet connections neededIt’s the easiest way to explore and access new… pic.twitter.com/iL09tzptzV
— Best Wallet (@BestWalletHQ) April 8, 2025
In the ongoing Best Wallet presale, over $11.5 million has been raised.
Those buying the BEST token now could benefit in the long term, especially as crypto adoption grows.
DISCOVER: 10 Best Crypto Presales to Invest in April 2025 – Top Token Presale
Gold and Bitcoin Crash, Investors Swap Crypto for USD
- Gold prices corrected sharply after peaking at $3,167 in April 2025
- Bitcoin price is under pressure, sinking from $88,550 to below $76,000
- Trump tariffs, trade war fears, and risks of high inflation forcing investors to hoard USD and cash
- Best Wallet presale raises over $11.5 million
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