📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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Viewpoint: The role of Bitcoin as a hedging tool against U.S. tariffs may strengthen, and the polarization in the crypto market may continue.
PANews March 29 news, according to Samaa, Exness financial market strategist Inky Cho stated that the recent decline in the crypto assets market may be related to the panic selling triggered by the transfer of BTC from Mt. Gox for debt repayment. At the same time, Trump's remarks about the impending economic recession have impacted the stock and crypto assets markets. Currently, the correlation between Bitcoin and the Nasdaq remains around 40%, a decrease from the previous peak of 72%. However, Bitcoin is becoming polarized from ETH and other altcoins, with Bitcoin acting more as a hedge against economic uncertainty and current U.S. tariffs, while altcoins, including Ethereum, still remain linked to the technology sector and the Nasdaq market dominated by tech stocks. Therefore, in the long run, Bitcoin's role as a tariff hedge may strengthen, especially when tariffs trigger economic instability.