Gold Plummets $2.1 Trillion as Bitcoinsoars to Record High

A significant market shake-up occurred as gold plummeted a staggering $2.1 trillion in value, marking one of its sharpest declines ever. This dramatic downturn was largely driven by the surge of Bitcoin prices, which reached an all-time high of over $108,000. This shift reflects a growing trend towards digital assets as investors seek alternative safe-haven investments. 36Crypto reports that gold’s collapse is equivalent to half the total value of the entire cryptocurrency market currently exceeding $3.7 trillion.