Bitcoin Experiences Sharp Decline
Bitcoin experienced a significant price drop, losing nearly $4,000 in a single hour. The cryptocurrency fell to $92,000, a move that resulted in the liquidation of approximately $500 million worth of leveraged long positions.
Precious Metals Reach New Highs
In contrast to Bitcoin's downturn, gold achieved a new all-time high, reaching $4,660 per ounce. This surge in value is attributed to traders seeking safe-haven assets following new tariffs imposed on Europe by Donald Trump. Silver also saw a substantial increase, breaking its own record and trading at $94. The broader metals market is experiencing a rally amid escalating global tensions.