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Bitcoin Wins, The US Dollar Loses Since “Liberation Day”

From capitalspectator.com

Bitcoin remains a winning asset since President Trump’s tariff announcement on Apr. 2 — “Liberation Day,” as he called it. In relative and absolute terms vs. the world’s primary markets, the cryptocurrency is outperforming by a wide margin, based on a set of ETFs through Friday’s close (June 6). The US dollar, by comparison, has slumped and is the worst performer. The iShares Bitcoin Trust ETF (IBIT) is up roughly 20% since Apr. 2. That’s well ahead of the second-best performer – foreign stocks in developed markets ex-US (VEA), which has rallied 10%. Gold (GLD) is up roughly 6% while the US dollar (UUP) has shed more ... (full story)

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  • Category: Fundamental Analysis