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News Explorer — Bitcoin's Surge and Gold's Decline Are Linked to Easing U.S.-China Trade Tensions and Dollar Concerns

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May 14, 4:24 pm
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Bitcoin's Surge and Gold's Decline Are Linked to Easing U.S.-China Trade Tensions and Dollar Concerns

Gold's price dropped to a monthly low as Bitcoin surged amid easing U.S.-China trade tensions. Bitcoin's price rose 17% while gold fell 9% from its mid-April high. Analysts attribute Bitcoin's strength to concerns over U.S. dollar debasement and a weaker greenback.

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