Gold and silver prices continue to hit new ATHs as BTC drops below the psychological support of $90,000.

robot
Abstract generation in progress

Last week, gold and silver prices continued to surge, setting new all-time highs (ATH). Gold reached $4,823 per ounce, while silver climbed to $96 per ounce, recording impressive gains thanks to safe-haven demand amid market volatility. Investors are shifting capital from risky assets to precious metals, driving prices higher.

Gold Price Chart on Weekly Frame Conversely, Bitcoin (BTC), often referred to as “digital gold,” faced strong downward pressure. This cryptocurrency lost the critical psychological support level of $90,000, indicating increased selling pressure and declining market confidence. The clear divergence between precious metals and cryptocurrencies is creating a mixed market picture, prompting investors to consider safer strategies in the short term.

BTC Price Chart on Weekly Frame

BTC-3,22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)