#binance #hype #zec #near
09/10/25 20:18 UTC-04

Bitcoin drops below $120,000 as gold rally fades

Bitcoin’s attempt to reclaim its record high was short-lived: after trading slightly below $124,000 before the U.S. stock market opened, the cryptocurrency fell below $121,000 just an hour and a half into trading.
At the same time, a pullback hit the gold market, though silver held up better.

On Thursday, for the first time in history, the price of silver surged 50% from its April lows to reach $50 per ounce. Hitting that level triggered rapid profit-taking, sending prices down about 4% to $48.55 within minutes.

“In the short term, the trend looks unstable as technical indicators show increasing market overbought conditions.
In the medium term, the desire to hold above $50 should persist — as long as macroeconomic conditions and real yields remain favorable,” wrote Daniela Sabin Hathorn, senior market analyst at Capital.com.

Meanwhile, gold fell 1%, from $4,100 per ounce to $4,035.

Smaller cryptocurrencies saw even deeper declines:
Ether dropped 3.5% to $4,300, while BNB and DOGE lost 3–4% of their value.

Amid the turbulence, Bitcoin’s market dominance climbed to its highest level in nearly eight weeks, indicating that traders are rotating capital back into the leading cryptocurrency.

See also: "BNB network share surges 251% in one week"

#Price drop #Bitcoin (BTC) #Gold

Editor: Yulia Krasnaya
Comments

Similar

07/06/26 15:46 UTC-04

Here’s Why Bitcoin’s 50% Drop Looks Minor Compared With What Some Altcoin Holders Have Endured

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

06/06/26 05:41 UTC-04

Bitcoin Rebounds Above $61,000 After $1.6 Billion Sell-Off

Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.