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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
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join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
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#CryptoMarketWatch Bitcoin hit a rough week with Donald Trump, the President of the ABD, threatening tariffs against Greenland and eight EU countries, leading to sharp declines.
Bitcoin (BTC) continued its decline, dropping to the $89,000 level, while on Thursday, precious metals rose, with gold reaching a new record of $4,930 per ounce.
According to data, gold rose again on Thursday to $4,930 per ounce, and silver reached $96 per ounce. While precious metals increased, Bitcoin remained about 30% below its ATH at the beginning of October, falling to $89,000.
This disparity among assets drew market attention, and analysts faced off regarding BTC and gold.
At this point, Jim Bianco, president of Bianco Research, suggested that the narrative of Bitcoin adoption has lost its strength, while Bloomberg senior ETF analyst Eric Balchunas argued that BTC is in very good shape.
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