Gold and Silver Crash, Plunge Safe-Haven Status Over Bitcoin Into Doubt
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- Gold and silver crashed significantly over the past three days.
- Both precious metals lost a combined $10 trillion in volume within days.
- Safe-haven debate heats up as gold, silver, and Bitcoin all see sharp declines.
Gold and Silver experienced historic crashes in the past few days, reflecting unprecedented volatility among the generally acclaimed safe-haven assets. The latest events have triggered a comparison between precious metals and Bitcoin, with the former behaving in a way typically associated with cryptocurrency.
$10 Trillion Wiped Out in Three Days
According to data, Gold Futures crashed over 20% in the past 72 hours, as the price fell from a all-time high of above $5,600 to around $4,420 before rebounding slightly and trading for $4,704 at the time of writing. The latest pullback wiped out $7.4 trillion from Gold’s market cap, a volume equivalent to…
Read The Full Article Gold and Silver Crash, Plunge Safe-Haven Status Over Bitcoin Into Doubt On Coin Edition.
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