{"id":50437,"date":"2025-04-09T15:01:21","date_gmt":"2025-04-09T15:01:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-gains-momentum-as-us-dollar-falls-5-84\/"},"modified":"2025-04-09T15:01:21","modified_gmt":"2025-04-09T15:01:21","slug":"bitcoin-gains-momentum-as-us-dollar-falls-5-84","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-gains-momentum-as-us-dollar-falls-5-84\/","title":{"rendered":"Bitcoin gains momentum as US dollar falls 5.84%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Reciprocal tariffs targeting deficit-heavy partners began on April 9.<\/li>\n<li>The US Dollar Index has dropped 5.84% since January 1.<\/li>\n<li>Bitcoin now trading at $77,260, down 17.57% in 2024.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"161\" data-end=\"809\">A wave of uncertainty sparked by US President Donald Trump&rsquo;s global tariff policy is reshaping investor behaviour.<\/p>\n<p class=\"\" data-start=\"161\" data-end=\"809\">Bitcoin is emerging as an unexpected safe haven amid growing concerns over the dollar&rsquo;s long-term strength.<\/p>\n<p class=\"\" data-start=\"161\" data-end=\"809\">On April 2, Trump signed an executive order imposing a 10% baseline tariff on all imports, regardless of origin.<\/p>\n<p class=\"\" data-start=\"161\" data-end=\"809\">The policy, which took effect on April 5, introduced additional reciprocal tariffs targeting major trade deficit partners from April 9.<\/p>\n<p class=\"\" data-start=\"161\" data-end=\"809\">This shift has led to financial market turbulence, prompting crypto investors and analysts to reassess the US dollar&rsquo;s global position and Bitcoin&rsquo;s role as a store of value.<\/p>\n<h2 class=\"\" data-start=\"811\" data-end=\"873\">Dollar drops 5.84% as Bitcoin gains attention<\/h2>\n<p class=\"\" data-start=\"875\" data-end=\"1203\">The US Dollar Index has declined 5.84% since the beginning of the year, trading at 102.193 as of April 9, <a href=\"https:\/\/www.tradingview.com\/symbols\/TVC-DXY\/\">according to TradingView data<\/a>.<\/p>\n<p class=\"\" data-start=\"875\" data-end=\"1203\">Contrary to earlier Wall Street projections, Trump&rsquo;s tariffs have not strengthened the dollar.<\/p>\n<p class=\"\" data-start=\"875\" data-end=\"1203\">Instead, the policy has triggered risk aversion and declining sentiment towards the US currency.<\/p>\n<p class=\"\" data-start=\"1205\" data-end=\"1642\">In response, several crypto market participants have voiced renewed confidence in Bitcoin&rsquo;s longevity.<\/p>\n<p class=\"\" data-start=\"1205\" data-end=\"1642\">Bitwise Invest&rsquo;s Jeff Parks wrote in an <a href=\"https:\/\/x.com\/dgt10011\/status\/1909786026395967740\">April 9 post on X<\/a> that there is now a &ldquo;higher chance Bitcoin survives over the dollar in our lifetime.&rdquo;<\/p>\n<p class=\"\" data-start=\"1205\" data-end=\"1642\">This shift in perception was echoed by Bitwise CEO Hunter Horsley, who noted that with both the dollar and other global currencies appearing fragile, Bitcoin is being seen as a last resort.<\/p>\n<p class=\"\" data-start=\"1644\" data-end=\"2011\">Gold, traditionally used during times of financial uncertainty, has also come under scrutiny for its practical limitations, such as high storage and transport costs, especially in cross-border investment scenarios.<\/p>\n<p class=\"\" data-start=\"1644\" data-end=\"2011\">In contrast, Bitcoin&rsquo;s decentralised digital format appeals to investors seeking liquidity, portability, and a hedge against central bank policy shifts.<\/p>\n<h2 class=\"\" data-start=\"2013\" data-end=\"2071\">Tariffs spark selloff across markets<\/h2>\n<p class=\"\" data-start=\"2073\" data-end=\"2592\">The timeline of the US import tariff rollout has aligned with a broader correction across both traditional and digital asset markets.<\/p>\n<p class=\"\" data-start=\"2073\" data-end=\"2592\">On April 2, the executive order was signed, announcing a flat 10% tariff on all goods entering the US.<\/p>\n<p class=\"\" data-start=\"2073\" data-end=\"2592\">This universal baseline was quickly followed by more aggressive reciprocal tariffs targeting countries with large trade deficits with the US.<\/p>\n<p class=\"\" data-start=\"2073\" data-end=\"2592\">These retaliatory measures, enforced from April 9, have further escalated concerns over a looming trade war and potential economic slowdown.<\/p>\n<p class=\"\" data-start=\"2594\" data-end=\"2946\">As fears of a global recession intensify, crypto markets have not been spared.<\/p>\n<p class=\"\" data-start=\"2594\" data-end=\"2946\">Bitcoin is now trading at $77,260, down 17.57% year-to-date, based on <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">CoinMarketCap data<\/a>.<\/p>\n<p data-start=\"2594\" data-end=\"2946\"><\/p>\n<p class=\"\" data-start=\"2594\" data-end=\"2946\">Still, the decline has not dampened interest in Bitcoin&rsquo;s use as a hedge.<\/p>\n<p class=\"\" data-start=\"2594\" data-end=\"2946\">Rather, it has highlighted a growing divide between short-term price movements and long-term utility.<\/p>\n<h2 class=\"\" data-start=\"2948\" data-end=\"3015\">Bitcoin is seen as a hard money alternative<\/h2>\n<p class=\"\" data-start=\"3017\" data-end=\"3423\">Saifedean Ammous, known for his writing on Bitcoin economics, weighed in on the wider implications of the tariff regime.<\/p>\n<p class=\"\" data-start=\"3017\" data-end=\"3423\">In an<a href=\"https:\/\/x.com\/saifedean\/status\/1909704453059465723\"> April 8 post on X<\/a>, he said the real issue was not bilateral deficits but the cumulative impact of US reliance on fiat currency.<\/p>\n<p class=\"\" data-start=\"3017\" data-end=\"3423\">Ammous argued that an increasing number of Americans benefit from the global use of the US dollar, supported by monetary expansion or &ldquo;money printing.&rdquo;<\/p>\n<p class=\"\" data-start=\"3425\" data-end=\"3761\">He advocated a shift to a &ldquo;hard money&rdquo; framework, naming gold and Bitcoin as viable options to offset economic imbalances and address the structural trade deficits Trump&rsquo;s policies aim to resolve.<\/p>\n<p class=\"\" data-start=\"3425\" data-end=\"3761\">Ammous also pointed out that replacing fiat currency with assets like Bitcoin could lead to the trade surpluses the administration desires.<\/p>\n<p class=\"\" data-start=\"3763\" data-end=\"3993\">This view reflects a growing sentiment among digital asset proponents that Bitcoin may serve not only as a technological innovation or investment vehicle but also as a political and monetary counterweight to conventional systems.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-gains-momentum-as-us-dollar-falls-5-84-after-tariffs\/\">Bitcoin gains momentum as US dollar falls 5.84%<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-gains-momentum-as-us-dollar-falls-5-84-after-tariffs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Reciprocal tariffs targeting deficit-heavy partners began on April 9. The US Dollar Index has dropped 5.84% since January 1. Bitcoin now trading at $77,260, down 17.57% in 2024. A wave of uncertainty sparked by US President Donald Trump&rsquo;s global tariff policy [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50437"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50437"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50438"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}