As international gold prices keep setting record highs day after day, global funds are moving en masse into gold, and cryptocurrency prices are trending lower.
At 7:45 a.m. on the 24th, on CoinMarketCap, a global virtual asset market site, Bitcoin was trading at $112,237, down 0.46% from 24 hours earlier. Ethereum, the No. 2 by market capitalization, was down 0.17% from the previous day at $4,186. Ripple fell 0.21% from the previous day, surrendering the No. 3 spot by market capitalization, and was trading at $2.84.
Since the launch of the Trump administration, uncertain tariff policies have persisted, pushing investors into gold, a safe asset. Meanwhile, after the U.S. Federal Reserve (Fed) decided to cut its benchmark interest rate 4th, gold's upward curve has steepened and cryptocurrency prices have been on a decline.