Bitcoin and Ethereum Drop on Tariff Fears, Gold Hits All-Time High in Risk-Off Shift

Leading cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), experienced significant declines as renewed fears of global trade tariffs triggered a broad risk-off sentiment in financial markets. Investors shifted capital away from perceived riskier assets, leading to a sell-off in crypto majors. In a contrasting move, gold prices surged to unprecedented record highs, solidifying its role as a traditional safe-haven asset during periods of economic uncertainty. This market dynamic underscores the ongoing sensitivity of digital assets to macroeconomic developments and their correlation with shifts in global risk appetite. Analysts are closely monitoring the situation for further impacts on the crypto market cap and investor behavior.