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Bitcoin Leads Global Markets Since “Liberation Day”
The most popular cryptocurrency, bitcoin, is posting the strongest performance among the world’s primary markets since President Trump on Apr. 2 announced “Liberation Day” and rolled out sharply higher US tariffs on imports. Gold is a strong runner-up since the announcement. US Treasuries are up only fractionally while US stocks are slightly under water since a pivotal shift for global trade roiled markets more than a month ago, based on a set of ETFs through yesterday’s close (May 7). The iShares Bitcoin Trust ETF (IBIT) has rallied 10.7% since Apr. 2. Gold (GLD) is in second-place for the ... (full story)
