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Gate ELSA Futures Trading Challenge is Now Live!
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Bitcoin slips back to $88,500 as silver tops $100 for first time ever and gold eyes $5,000
Source: CryptoNewsNet Original Title: Bitcoin slips back to $88,500 as silver tops $100 for first time ever and gold eyes $5,000 Original Link: Bitcoin BTC$89,682.56 on Friday once again started the U.S. session with a sharp move lower, tumbling back to $88,500 even as precious metals continued breakneck rallies, with silver topping $100 per ounce for the first time ever. Gold was just shy of $5,000 per ounce, while platinum soared 5% to a new all-time high. Not a precious metal, but maybe soon to become one at this pace, copper rose 2.5% to just below a record high.
Crypto-related stocks moved lower as well. A certain compliance platform (COIN) was down 2.6%, while MicroStrategy (MSTR) slid 1.2%. Bitcoin miners Riot Platforms (RIOT) and Marathon Holdings (MARA) posted 2% declines.
The decline in crypto also came as U.S. stocks brushed off early losses to turn mostly higher, with the Nasdaq ahead 0.4% despite a 15% post-earnings plunge in Intel (INTC).