The post What Does Gold’s Latest Drop Mean for Bitcoin? appeared on BitcoinEthereumNews.com.

Gold plunged over 5% in its steepest one-day drop in more than two months. Furthermore, silver, platinum, and palladium also slumped in a broad selloff of precious metals on December 29. As prices rebound today, analysts are split. Some expect the momentum to continue, while others warn of a shift that could benefit crypto assets. Sponsored Sponsored On December 29, the precious metals market experienced a significant downturn. Gold dropped more than 5%, marking its largest single-day loss since late October 2025. Silver briefly surged to record highs near $84 before reversing sharply and closing around $70.5. This represented a 16% dip. Palladium suffered comparable declines. Lastly, Platinum also depreciated by over 15%. These drawdowns came amid an explosive rally that saw precious metals reach new highs this month. “As we said last night, the rally was getting out of hand. Expect much more volatility,” The Kobeissi Letter posted. While precious metals declined, the crypto market staged a recovery, with Bitcoin briefly reaching the $90,000 mark and Ethereum climbing to $3,000. The move led some analysts to speculate that capital rotation had begun. “Silver dropped 11% in the last few hours as crypto started to pump. Money is rotating from silver & gold into Bitcoin and the broader crypto market,” Crypto Rover commented. However, the pullback in metals proved short-lived. Precious metals are once again trading in the green today, with gold up nearly 1% over the past 24 hours. Silver has jumped 3%, platinum has gained 2.6%, while palladium continues to post modest losses. As metals rebounded, the crypto market moved in the opposite direction. The total market cap slipped 0.13% over the past 24 hours, reinforcing mixed signals and leaving analysts divided on the market’s next move. Sponsored Sponsored Gold’s Streak Supports Bullish Case Many analysts argue that…

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Filed under: News - @ December 30, 2025 12:25 pm