Gold broke through $2850 to hit a new high, is the BTC hedge situation about to explode?

Amid the US-China trade war, market risk aversion has increased, pushing gold prices to a new high of $2,854 per ounce today. Kitco Metals analyst Jim Wyckoff believes that gold prices could rise to $3,000 within this year. (Summary: China retaliates with 15% tariffs on US coal and natural gas! BTC falls below 98,000. Will there be a turning point in US-China negotiations?) (Background: Trump causes chaos again! US withdraws from the UN Human Rights Council, not eager to negotiate with China. BTC price drops to 96,000) On the 4th, the US officially implemented a 10% tariff on Chinese imports, and China immediately announced countermeasures, planning to impose a 15% tariff on US coal and natural gas starting from the 10th, a 10% tariff on crude oil, agricultural machinery, large cars, and pickup trucks, and export restrictions on rare earth minerals, further intensifying the trade tension between the world's two largest economies, and increasing market risk aversion. Trump: Not eager to negotiate with China. In response, Trump stated in an interview this morning that the US trade balance plan with China is still progressing smoothly and he is not overly concerned about China's retaliatory actions. He mentioned yesterday that he would start a dialogue with China within 24 hours, but it appears that the call with Xi Jinping has been delayed. Trump stated today: 'I will talk to him at the right time, I'm not in a hurry.' Gold hits a new high, experts look to 3,000 USD. Amid increasing uncertainty, investors are turning to safe-haven assets such as gold, driving the price to a new high. TradingView data shows that the spot gold price has risen to $2,854 per ounce and the gold futures price for COMEX April Delivery closed at $2,875.80 per ounce. Reuters reported that Bob Haberkorn, senior market strategist at RJO Futures, believes that in addition to the impact of the trade war, the weakening of the US dollar is also an important driving force behind the rise in gold prices. He stated: The impact of tariff news has taken effect and has become the key factor dominating market sentiment, even surpassing other economic data released that day. In addition, the weakening of the US dollar has further fueled the upward momentum of gold prices. At the same time, Jim Wyckoff, an analyst at Kitco Metals, emphasized that the current government's economic policies have intensified market uncertainty, and central banks of various countries may accelerate their gold reserves to reduce reliance on US dollar assets. Gold prices could rise to $3,000 within this year. BTC risks falling below 96,000 USD. However, against the backdrop of increasing market uncertainty, the strength of gold contrasts with the volatility of BTC. According to Binance data, the price of BTC fell below 96,000 USD this morning after reaching 100,700 USD at 3:30 am. At the time of writing, BTC has rebounded to 97,700 USD, a decrease of 3.42% in the past 24 hours. Historically, when gold reaches a new high, there have been cases of short-term pullback in BTC, indicating that the market's consensus on gold as a safe haven is still higher than that of BTC. However, BTC's claim as 'digital gold' still has long-term appeal, especially for young generations and tech-savvy investors. Financial experts state that in the short term, gold remains the preferred safe-haven asset in the market. However, if market risk appetite recovers or investors reassess the hedging attributes of BTC, its decentralization and high liquidity may attract funds again. As for other fluctuations in the near future, investors should closely follow the ADP employment report to be released tonight, the non-farm payroll report on Friday, and the speeches of several Federal Reserve officials, as these factors may further affect the price trends of gold and BTC. Related reports: Was the BTC flash crash due to hedging? China starts increasing positions in gold, US banks predict gold to reach 3,000 USD in the second half of 2025. Taiwan's property market volume plummeted 40% in January. Is it similar to a golden cross with BTC? Experts criticize the government's manipulation of actual transaction registration. Rich Dad author: February will bring 'the worst stock market crash in history'! Tens of billions of dollars will flow into BTC and gold. This article was first published on BlockTempo, the most influential blockchain news media, on BlockTempo.