Gett Images Key Takeaways Bitcoin traded above $94,000 as of Monday afternoon, levels last seen in early December, as investors digested the weekend news that the U.S. had captured Venezuelan President Nicolás Maduro. Ousting Maduro "is not a direct bullish catalyst" for bitcoin, but the geopolitical conflict points to cryptocurrencies' real-world utility, one analyst said. Bitcoin (BTCUSD) appears to have climbed out of a rut following the surprise capture by the U.S. of Venezuelan president Nicol ...

Core Insights - The cryptocurrency industry experienced significant volatility in 2025, with Bitcoin reaching a record high of over $126,000 before closing the year below $90,000, indicating a lack of sustained gains despite positive regulatory developments [2][4][10] Market Performance - Bitcoin's price fluctuations reflect broader market sentiments, with retail investors feeling negative while institutional investors remain optimistic about future growth [4][11] - The passage of stablecoin legislation and a crypto-friendly regulatory environment are seen as potential catalysts for future market recovery [2][13] Institutional Interest - Institutional demand for Bitcoin is expected to outpace supply, with crypto ETFs having acquired over 700,000 Bitcoin since their launch in 2024, which is approximately double the new coins produced during the same period [7][6] - Major financial institutions, including Morgan Stanley and Merrill Lynch, are beginning to offer crypto ETFs, which could further drive demand [6] Future Outlook - Experts predict that 2026 could see Bitcoin breaking out of its current stagnation, with potential new highs driven by institutional buy-in and regulatory shifts [3][9] - The prospect of lower interest rates may enhance retail and institutional interest in cryptocurrencies [5] Regulatory Developments - The CLARITY Act aims to establish a regulatory framework for cryptocurrencies, which could improve the industry's outlook if passed [13][14] - The act would designate the Commodity Futures Trading Commission as the primary oversight agency for crypto, a move favored by industry stakeholders [14][15] Tokenization Trends - The tokenization of real-world assets, including stocks and stablecoins, is gaining traction, with significant players like Coinbase and BlackRock prioritizing this strategy [17] - The expansion of Circle's USDC stablecoin, which saw its circulating supply increase by over 50% in 2025, highlights growing interest in tokenized assets [15]

Core Thesis - The debasement trade suggests that currencies will experience real value erosion due to fiscal dominance, financial repression, and geopolitical instability, leading to a spike in the value of real assets [1] Group 1: Factors Contributing to Currency Erosion - Fiscal dominance is identified as a key factor contributing to the erosion of currency value [1] - Financial repression is another significant element that impacts the real value of currencies [1] - Geopolitical instability is also highlighted as a contributing factor to the depreciation of currency value [1] Group 2: Real Assets - Precious metals such as gold, silver, and platinum are expected to see a significant increase in value as a result of the debasement trade [1]

Gold and silver fell on the last trading day of 2025, though both remained on track for the biggest annual gain in more than four decades as a banner year for precious metals drew to a close. Spot gold hovered around $4,320 an ounce, while silver slid toward $71. The two have seen exceptional volatility in thin post-holiday trading, plunging Monday before recovering Tuesday and dropping again Wednesday. The big swings prompted exchange operator CME Group to raise margin requirements twice. Most Read fro ...

As markets reopened Friday after the Christmas holiday, U.S. stocks were little changed, but precious metals saw plenty of action. Silver prices jumped 9.6% to top $78 per ounce for the first time ever. Gold rose 1.3% to a fresh record of $4,561 per ounce, and platinum surged 10.5% to its own high, while palladium leapt 13%. So far this year, silver has spiked 169%, platinum has shot up 172%, and palladium has soared 124%—all easily beating gold’s year-to-date gain of 73% as well as Nvidia’s 42% pop and ...

Gold, silver and platinum jumped to all-time highs to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions, US dollar weakness and thin market liquidity. Spot gold rose as much as 1.2% to a peak above $4,530 an ounce on Friday. Spot silver for immediate delivery advanced for a fifth session, climbing as much as 5% to cross $75 an ounce. Most Read from Bloomberg Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on ...

Key Takeaways The rise and subsequent retreat of bitcoin perfectly encapsulates the crypto industry's year. It won big—but it doesn't have much to show for it yet. The price of bitcoin, the world's most well-known cryptocurrency, soared above $126,000, a record, but those gains evaporated and it's poised to finish down for 2025. The industry welcomed the passage of stablecoin legislation, eased regulation, and the proliferation of new ways to buy in, but by many measures it has yet to reap the benefits. Des ...

Gold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight. Some traders are starting to take profits as the year draws to a close after a ferocious run in the precious-metals markets that still leaves gold up almost 70% in 2025. Platinum has more than doubled. Most Read from Bloomberg Technical indicators supported the selling. Gold’s 14-day relative ...

Gold has surged over 2% to a record high of $4,475 per ounce on Monday, leading a precious metals rally that has left Bitcoin struggling to maintain momentum. While traditional safe havens and AI-related equities capture investor capital, Bitcoin briefly touched $90,000 before retreating to the $88,000 range, failing to keep pace with the market’s clear winners. Market Divergence: Precious Metals and AI Ascend The divergence reflects a capital rotation where the ‘digital gold’ narrative is being tested. ...

Gold and silver hitting new records today, both pasing for the best year since 1979. Copper is also at new highs. It's having its best year since 2009.Will the commodity runup continue in 2026. Well, joining us now, TD Securities global head of commodity strategy, Bart Malik. Bart, it's great to have you on and I want to start right there because it's been such a torid year.Whether it's precious metals or industrial metals, does it continue. >> Well, great to be here. Uh certainly we think uh that gold in t ...