Why are Gold and Silver Rising While Bitcoin and Ethereum are Falling?

Recently, some major cryptocurrencies such as Bitcoin, XRP, Solana, and Ethereum have experienced significant value losses this month. In contrast, gold and silver continue to gain value.

The weakness observed in the cryptocurrency market is driven by potential credit risks associated with the management of digital assets. This situation raises concerns as investors question the reliability of crypto assets.

On the other hand, the rise in gold prices is associated with growing concerns about global financial health. The high government debt-to-GDP ratios in many developed economies are pushing investors towards a search for safe havens.