Bitcoin Dropped Below $87,000, Metals Rose

Decline in the Cryptocurrency Market

This morning, during U.S. trading hours, major cryptocurrencies and crypto stocks lost value. Bitcoin dropped below $87,000, while Bitcoin miners lost 5% or more in value. This decline in cryptocurrencies has drawn the attention of investors.

Rise in Metals

On the other hand, a significant increase was observed in precious metals. Gold, silver, and other metals rose due to geopolitical concerns. Investors are turning to precious metals during times of uncertainty in a quest for protection against ongoing value loss.