Crypto Market Retraces Lower Points as Gold and Silver Hit a new High

• The market cap of the global crypto market has declined by 2.71%.
• Gold has reached a new high of $4,689.39 per ounce.
• Silver peaked at $94.08 per ounce.

The crypto market has retraced its steps to a lower point. This comes at a time when investors are transitioning to investment options that are safer amid Trump’s new tariff threats. Alternatives, in this scenario, are Gold and Silver – both just touched a new high despite a slip in US stock futures and dollar.

Crypto Market Declines

The global crypto market has plunged, especially over the last 24 hours. Top tokens like BTC and ETH have been hit by a fall of 2.62% and 3.44% during this time, respectively. They are now trading at $92,565.73 and $3,199.15, applicable in the same order.

A larger decline is further reflected in the values of BNB (-2.34%), XRP (-4.21%), SOL (-6.25%), DOGE (-7.24%), and ADA (-7.59%).

The fall across the global crypto market is also evident from the market cap of $3.13 trillion, which is down by 2.71%, and the FGI rating, which is down to 45 points.

High in Gold and Silver

A decline in crypto prices is possibly due to inventors shifting their allocations to a safer option – Gold and Silver. Both valuable commodities peaked recently. Gold touched $4,689.39 per ounce and Silver moved to $94.08 per ounce. Matt Simpson, a senior analyst at StoneX, said that geopolitical tensions are giving gold bulls a reason to push it to a new high.

Christopher Wong, a strategist at OCBC, said, as reported by Reuters, that the medium-term narrative of Silver is constructive given its persistent physical deficits, safe-haven demand, and resilient industrial demand. He added that the pace may, however, warrant near-term tactical caution.

Movement of Investors

US President Donald Trump has once again threatened to impose tariffs on countries trading with Greenland. This comes after he emphasized the need to acquire Greenland for national security and several countries deploying military enforcements to defend Greenland. Investors sensed the possibility of heavy turbulence and decided to move away from the volatile crypto market to a safer alternative – Gold and Silver in this instance.

EU ambassadors and diplomats have reportedly intensified their efforts to reach a tariff-related agreement. They are simultaneously drafting retaliatory measures for a situation where Trump’s tariffs go into effect. For instance, a delegation of the EU is scheduled to visit India in January 2026 to deepen cooperation, like by fast-tracking Free Trade Agreement (FTA).

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