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Analysis: Cryptocurrency and Precious Metals Market Showing Rare 'Split Market' Trend, Possibly Driven by More Than Just Safe-Haven Sentiment
Summary: According to reports from Forbes, since reaching historical highs in October, Bitcoin and the overall cryptocurrency market have seen a significant decline, with Bitcoin currently hovering around $90,000 per coin, down from its peak of $126,000. Meanwhile, gold, silver, and US stocks have been accelerating upwards towards the end of the year, creating a rare ...
According to reports from Forbes, since reaching historical highs in October, Bitcoin and the overall cryptocurrency market have seen a significant decline, with Bitcoin currently hovering around $90,000 per coin, down from its peak of $126,000. Meanwhile, gold, silver, and US stocks have been accelerating upwards towards the end of the year, creating a rare 'split market' scenario. This situation may not be solely driven by safe-haven sentiment, but could be a 'strategic response' from institutions and funds to the global monetary system.
Director of Economic Research and Corporate Research at GlobalData, Ramnivas Mundada, predicts that with global central banks continuously adjusting reserve structures and reducing reliance on US dollar assets, the de-dollarization process will accelerate. By 2026, gold may further rise by 8%-15%, while silver could see an increase of 20%-35%.
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Link: Analysis: Cryptocurrency and Precious Metals Market Showing Rare 'Split Market' Trend, Possibly Driven by More Than Just Safe-Haven Sentiment [Copy]
