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Bitcoin crashes 3.79% on Monday, gold hits record high, geopolitical risks stir the market
【Blockchain Rhythm】 On Monday morning, the cryptocurrency market experienced a rapid decline. Bitcoin plummeted within just one hour, with a maximum drop of 3.79%, falling from a high of $95,500 to $91,900, then rebounding slightly to around $92,800.
Interestingly, traditional assets performed very differently during this market movement. Spot gold and silver opened sharply higher, both reaching new all-time highs, while Nasdaq futures fell by 1%. Behind this divergence, the shadow of geopolitical tensions is growing stronger.
On the news front, comments from the US government over the weekend regarding Greenland’s autonomy sparked a chain reaction. Several EU countries are considering imposing tariffs on US goods worth €93 billion in response. The tariff game is heating up, risk assets are under pressure, and investors are flocking to safe-haven assets. This may explain why gold and silver surged while Bitcoin and stock indices declined.