Bitcoin Exceeded 112 Thousand Dollars, Gold Experienced a Sharp Decline.

As global markets experience a historic decline in gold and silver prices, cryptocurrencies, particularly Bitcoin, have shifted direction. Bitcoin, after a brief drop, has reached $112,700 again. In the last hour, over $150 million in short positions were liquidated, leading to an upward momentum in price movements.

This sudden drop in precious metals has registered as the sharpest daily loss since 2013. Gold lost more than 5%, falling to $4,130, while silver prices also declined by about 8%. Recent dovish signals from central banks, US-China trade tensions, and global liquidity concerns have put pressure on precious metals, leading to a sharp correction period.

In the cryptocurrency market, an alternative direction is being observed. Quinn Thomson, founder of Lekker Capital, stated in his assessment that Bitcoin's rally under its value reacted late and that this situation could change shortly. Additionally, Charlie Morris, CIO of ByteTree, expressed that Bitcoin will gain momentum after completing its rise against gold.

As risk appetite in the markets begins to rise again, analysts emphasize that the sustainability above the $112,000 level is crucial for short-term trends. The fluctuations in both asset classes are attracting the attention of investors. It is essential for investors to observe critical price levels that will affect the performance of cryptocurrencies like Bitcoin and Ethereum in the coming days.