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Gold and silver surge while Bitcoin weeps... Safe-haven asset flight intensifies
Source: DigitalToday Original Title: Gold and Silver Surge, Bitcoin Weeps… Safe Asset Flows Intensify Original Link:
Bitcoin plummeted $4,000 in just one hour, falling below $92,000. Analysts say this decline was triggered by the liquidation of a $500 million leveraged long position in succession.
Contrary to the sharp decline in the cryptocurrency market, traditional safe-haven assets were hot. When U.S. President Donald Trump announced new tariffs on European products, market anxiety heightened, leading funds to flow into gold.
As a result, gold prices hit a record high of $4,660 per ounce, and silver also surpassed $94, setting new highs. With ongoing global geopolitical tensions, there is a clear shift of funds from risky assets like Bitcoin to safe assets.
In the short term, whether Bitcoin can defend the $90,000 support level is crucial, and until the policy uncertainties of the Trump administration are resolved, the safe asset flow and volatility in the cryptocurrency market are expected to continue for some time.