Bitcoin Dropped Below $87,000, Metals Increased

Drop in the Crypto Market

Earlier today, during US trading hours, major cryptocurrencies and crypto stocks lost value. Bitcoin fell below $87,000, while Bitcoin miners experienced a decline of 5% or more. This drop in cryptocurrencies caught the attention of investors.

Rise in Metals

On the other hand, a significant increase was observed in precious metals. Gold, silver, and other metals showed a rise due to geopolitical concerns. Investors, during periods of uncertainty, turn to precious metals in a quest for protection against ongoing value loss in this trade.