Bitcoin Dropped Below $87,000, Metals Increased

Decline in the Cryptocurrency Market

Earlier today, during U.S. 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 Precious 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 seeking protection against ongoing depreciation by turning to precious metals during periods of uncertainty.