Gold, Silver Lose $1.7 Trillion in Hours, Is Bitcoin About to Rally?

Global markets were caught off guard when gold and silver suddenly crashed, wiping out nearly $1.7 trillion in value in just 90 minutes. The scale of the move was massive, even larger than the combined market value of major cryptocurrencies like Ethereum, BNB, XRP, Solana, and others.

As money moved out of safe assets, attention turned to Bitcoin, raising a simple question: could this start the next crypto rally?

Gold and Silver See Sharp Drop After Record Highs

The sudden drop came after gold and silver recently reached new all-time highs. Gold fell from around $5,090 to $4,888, a modest 1.6% pullback. Silver saw a much sharper fall, dropping from $116 to near $103, a 10–12% correction after a strong rally.

Market watchers say this move was not caused by panic but by heavy profit-taking. After months of gains, many traders rushed to lock in profits. At the same time, easing geopolitical tensions reduced demand for safe-haven assets such as gold and silver.

Another key reason was crowded long positions. With too many traders betting on higher prices, even a small shift in sentiment triggered a fast and sharp decline.

Bitcoin Holds Firm as Metals Drop

This sharp move suggests money may be leaving safe assets. When fear eases, investors usually look for better returns, and risk assets like Bitcoin and altcoins start to attract attention.

While gold and silver fell sharply, Bitcoin remained stable. Over the same 24 hours, Bitcoin gained around 1.7% and traded near $88,663.

Many traders see this as a positive sign. Bitcoin did not jump suddenly, but it also did not fall, hinting that quiet accumulation could be taking place.

History Points to a Possible Bitcoin Rally

Crypto trader Crypto Gems highlighted a familiar pattern from past cycles. In 2017, gold gained around 30%, while Bitcoin surged nearly 1,900% soon after. A similar rotation happened again in 2021, when money moved from gold into crypto.

With gold still strong overall but now correcting, and Bitcoin remaining quiet, some believe the next rotation may be starting.

Based on past trends, traders are now watching for a potential 400% Bitcoin move if history repeats.