Bitcoin (BTC) and the Mexican peso (MXN) have surged in value as a result of the potential for Trump to win the US presidential race and impose tariffs on Mexico. BTC soared over 7% and reached record highs above $74,000, while MXN fell 3% against the USD, leading to bigger gains for BTC/MXN trading pairs. The MXN has declined by 27% since March due to fears of protectionist policies under a potential Trump administration. Gold, on the other hand, traded flat despite fears of higher inflation caused by Trump's tariff plan, as the appeal of the dollar index and rising Treasury yields offset its gains. Both bitcoin and gold are said to be on a long-term bullish trajectory due to the growing US fiscal debt.



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