Gold and silver suffer historic $7T wipeout as Bitcoin holds steady

[madmax]

Precious metals markets experienced a historic liquidation over the past 48 hours, wiping out roughly $7 trillion in combined value as gold and silver prices collapsed. Gold fell more than 8%, dropping from around $5,600 an ounce to near $4,700, while silver plunged over 25%, sliding from $121 to roughly $77.

By contrast, Bitcoin declined about 7% but avoided the kind of forced selling seen in metals. Analyst Joe Consorti noted that the losses in gold and silver equaled nearly four times Bitcoin’s entire market capitalization, highlighting the scale of the divergence. Data providers described Bitcoin’s relative stability as unusual during such a broad macro-driven sell-off.