$BTC Gold and Silver Suddenly Suffer an Epic Selloff!
In just 9 hours, the market value of precious metals was reported to have evaporated by about $1.1 trillion.
Gold briefly fell below $4,200!
Silver’s drop was even sharper, briefly exceeding 4%.
Funds are rapidly repricing the trade of “higher rates for longer.”
Behind this round of heavy selling, the core pressures are still rising at the same time: the U.S. dollar, Treasury yields, and expectations of further rate hikes. During the day, spot gold once slid to about $4,189, while silver fell to about $61.65; meanwhile, the U.S. dollar index climbed back above the 101 level, and the high-interest-rate environment is squeezing the appeal of non-yielding assets.
However, the figure of “$1.1 trillion wiped out in 9 hours” is currently an estimate based on changes in the overall market values of gold and silver. What’s truly worth watching is whether money will continue to withdraw from precious metals—and whether BTC can stand on its own and take up the slack under the same high-rate pressure.
Gold and silver can’t withstand the renewed high-rate repricing.
If BTC can still hold up at a time like this, then the relative strength of the funds becomes truly interesting!
Click the card below—let’s get to it!👇
$ETH $ZEC
In just 9 hours, the market value of precious metals was reported to have evaporated by about $1.1 trillion.
Gold briefly fell below $4,200!
Silver’s drop was even sharper, briefly exceeding 4%.
Funds are rapidly repricing the trade of “higher rates for longer.”
Behind this round of heavy selling, the core pressures are still rising at the same time: the U.S. dollar, Treasury yields, and expectations of further rate hikes. During the day, spot gold once slid to about $4,189, while silver fell to about $61.65; meanwhile, the U.S. dollar index climbed back above the 101 level, and the high-interest-rate environment is squeezing the appeal of non-yielding assets.
However, the figure of “$1.1 trillion wiped out in 9 hours” is currently an estimate based on changes in the overall market values of gold and silver. What’s truly worth watching is whether money will continue to withdraw from precious metals—and whether BTC can stand on its own and take up the slack under the same high-rate pressure.
Gold and silver can’t withstand the renewed high-rate repricing.
If BTC can still hold up at a time like this, then the relative strength of the funds becomes truly interesting!
Click the card below—let’s get to it!👇
$ETH $ZEC
