🚨 TODAY: Gold drops below $4,000 per ounce for the first time since Oct. 12. https://t.co/5o3nAuGzlk ...

BREAKING: Gold dropped 6% and wiped out $1.75 trillion from its market cap today. https://t.co/phzyeXVhAa ...

Core Insights - Bitcoin and Ethereum experienced price increases as gold faced its largest daily drop in over a decade, indicating a renewed risk appetite among investors [1][3] Cryptocurrency Market - Bitcoin was trading around $112,000, marking a 1% increase, with a peak of $114,000 earlier in the day. Ethereum was at approximately $4,000, reflecting a 0.7% gain, having reached $4,100 earlier [2] - The rise in cryptocurrency prices coincided with a significant drop in gold prices, which fell 5.5% to $4,118 per ounce, following a record high of $4,382 per ounce [3] Market Dynamics - The decline in gold prices is attributed to easing geopolitical tensions and potential unwinding of overextended long positions in the market. This shift appears to benefit Bitcoin as investors seek relative value [4] - Strong earnings reports from companies like General Motors, which raised guidance due to reduced tariff exposure, may also be contributing to the positive sentiment in the crypto market [4] Economic Indicators - The upcoming release of inflation figures is anticipated to be a significant market mover, with expectations of a 3.1% increase in the Consumer Price Index over the past year. This could influence the Federal Reserve's interest rate decisions [5][6] - If inflation data aligns with expectations, it may support risk assets like stocks and cryptocurrencies due to lower borrowing costs. Conversely, significantly higher inflation could have a bearish impact [6]

Someone check on Peter SchiffWatcher.Guru (@WatcherGuru):JUST IN: Gold falls 6.3%, largest single-day drop since April 2013. https://t.co/SwZPzpjWVV ...

🚨 ALERT: Gold just posted its steepest daily loss since August 2020, down roughly 5.5%. https://t.co/QoHCbfycYp ...

JUST IN: Gold falls 6.3%, largest single-day drop since April 2013. https://t.co/SwZPzpjWVV ...