This week, silver saw a 5% gain and revisited a 3-month high. Gold set a new eight-year high, reaching over $1,750 per troy ounce. The boost in precious metals also bodes well for Bitcoin, which has been rising in tandem.
With both gold and silver each setting new local highs, will Bitcoin price finally take out $10,000?
Supply Struggle Drives Price of Silver and Gold to New Local Highs
A massive supply crunch on silver and gold has pushed precious metals to new local highs. Silver reached over $17 an ounce, up over 14% since the start of the month.
Gold started the week trading above $1,750 and is expected to reach prices as high as $3,000 over the next year, according to Rich Dad, Poor Dad author, Robert Kiyosaki. Bank of America points to $2,000 per troy ounce for the precious metal.
Others aren’t as convinced by the demand.
Related Reading | Gold Bug Peter Hug Warns Inflation Will Be Slow, Will This Delay Bitcoin’s Bull Run?
Precious metals gold and silver rising aren’t too surprising, as these assets have historically acted as a safe haven for capital during times of economic distress.
The scarce supply of these assets combined with stimulus money both inflating the dollar and being rerouted into investments could be responsible for the added momentum.
Can Bitcoin Outshine Precious Metals As a Safe Haven Asset?
Gold and silver rising in the face of economic crisis due to their limited supplies, bodes extremely well for Bitcoin. While gold and silver are indeed scarce, there’s no telling how much supply remains to be mined from the earth or elsewhere.
Bitcoin, however, is hard-capped to only ever allow 21 million BTC to exist. This extremely limited supply gives the asset similar attributes to precious metals. It’s earned the moniker digital gold as a result.
The same stimulus money, recipe for hyperinflation, combined with digital scarcity has created an environment in which Bitcoin can thrive.
Investors are taking note, and the asset has increasingly snagged the attention of institutional investors, and even the likes of legendary hedge fund manager Paul Tudor Jones.
Related Reading | Strong Correlation Between Bitcoin and Stock Market May Finally Be Over
Bitcoin‘s growth and interest are closely following gold and silver, further proving the asset’s potential value as a safe haven asset.
In the below chart, following the Black Thursday crash, each asset has made a strong climb since and shows similar price action and correlation.
Silver is pacing slightly behind gold and Bitcoin, with gold acting as the clear front runner. Gold is an asset that’s been trusted for centuries and in use for just as long. Cryptocurrencies are a brand new, untested asset class, yet are still showings strong promise alongside these two precious metals.
Is this Bitcoin‘s time to shine brighter than gold and silver? origin »
Bitcoin price today continued its explosive rally, soaring past $118,000 and setting a new all-time high amid intensifying institutional demand, bullish technicals, and increasing ETF inflows.
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Bitcoin and most altcoins showed mixed performance in the first five months of the year, with Bitcoin reaching a record high twice. Bitcoin (BTC) initially jumped to a record high of $109,300 in January and set a new one at…
Bitcoin hit a new all-time high above$109,000 on May 21, 2025. The milestone saw 100% of BTC holders fall into profit. Bitcoin also surpassed Amazon in terms of market cap Bitcoin price has just surged to a new all-time high above $109k.
Bitcoin’s surge to a new all-time high is delivering outsized returns for its largest stakeholders.
El Salvador’s holdings, in particular, have become a real-time case study.
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Bitcoin surged past $100K this week, fueled by strong spot ETF inflows of over $1 billion. With Bitcoin nearing its all-time high, key support is now eyed around the $100,000 level. Ether experienced a dramatic price jump, breaking $2,600 and targeting $3,000.
Bitcoin active addresses hit a six-month high, suggesting strong market interest.
BTC is currently attempting to maintain its breakout above $97,000.
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Bitcoin has been fighting to break above $90,000 for the last six weeks. Before this, BTC spent about 16 weeks moving sideways between $90,000 and $109,000. Now, an important breakout pattern suggests Bitcoin might be ready to climb toward a new all-time high.
Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
Bitcoin soared past $106,000 on Monday, marking a new all-time high in a rally that has continued to exceed investor expectations, and fueling speculation that the world’s leading cryptocurrency could soon reach the $120,000 mark.
Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve.
Bitcoin price has held steady in the past few months, and is holding near a record high as demand remains high. The coin was trading at $101,760, which is about 570% from its lowest point in 2022, making it the best-performing major asset.
Bitcoin price declined sharply from the $104,015 high and dipped below $95,000. BTC is now recovering losses and facing hurdles near $99,000. Bitcoin started a major decline after hitting a new all-time high at $104,015.
After a historic rally, Bitcoin has faced its first major setback, pulling back 7% from its all-time high of $99,800. This comes after an impressive surge from $67,500 on November 5, marking a nearly 50% climb in just a few weeks.
Bitcoin surged to a new all-time high of $91,831, breaking past its previous peak of $89,900, which had reached just a day earlier. The top digital asset is now trading at $91,800, with a 24-hour gain of 6.
Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election. The flagship crypto surpassed its March all-time high (ATH), recording a new high nearly every day for the last seven days.
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode says “further gains” may lie ahead.
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The Bitcoin price and the entire crypto market have been on a tear since the outcome of the United States elections was announced in the early hours of Wednesday, November 6. The premier cryptocurrency specifically has breached and printed new all-time high prices over the past few days.
Bitcoin and many other cryptocurrencies have been on significant price increases in the past few weeks. Bitcoin, in particular, has been inching close to its all-time high, and the recent break above $68,000 puts it only 8% away from setting a new price record.
Bitcoin surged to a high of $66,000 in the past 24 hours, breaking out of weeks of stagnation as the broader crypto market showed signs of recovery. October has historically been a strong month for investors, with gains as high as 60% and an average return of 22%.
Bitcoin’s open interest has reached a new all-time high of $19. 8 billion, signaling increased activity in the derivatives market, according to analyst EgyHash via CryptoQuant data. Funding rates have also hit their highest positive level since August, suggesting that the majority of these positions are long on Bitcoin.
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down by 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022.
Quick Take On March 14, Bitcoin reached its all-time high, followed by a significant drop to around $60,800. Data reveals that whales holding 1,000 or more Bitcoins offloaded approximately $8 billion worth of profits at the peak.
Supply held by wallets with 10 - 10k coins surged to a 20-month high.
An analyst noted higher chances of Bitcoin hitting $72.8k in the days ahead.
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Popular crypto analyst Anthony Pompliano has shared insights into Bitcoin’s future, suggesting a continued bullish trajectory for the leading cryptocurrency even as Bitcoin flirts with its all-time high.
Despite pulling back to around $68,500, analysts are optimistic about a continuation of the Bitcoin bull cycle after it hit a new all-time high (ATH) of $70,083. 05 on March 9, fueled by increasing institutional interest and growing adoption.
Bitcoin price failed to recover above $107,000. BTC is trimming gains and might could continue to move down if it trades below $102,500. Bitcoin started a fresh decline after it failed to clear $107,000.
Square, the payment services arm of Block, has launched its Bitcoin payment feature for small businesses, allowing them to accept BTC payments and manage their digital assets alongside traditional finances through its point-of-sale platform.
Eric Trump, son of US President Donald Trump and executive vice president of the Trump Organization, has revealed new bullish predictions for Bitcoin (BTC).
Bitcoin price is attempting to recover above $103,500. BTC could continue to move up if it clears the $106,500 resistance zone. Bitcoin started a decent recovery wave above the $103,500 support. The price is trading above $104,500 and the 100 hourly Simple moving average.
Bitcoin price is struggling below $105,000. BTC could continue to move down if it stays below the $104,200 resistance. Bitcoin started a fresh decline below the $104,000 support. The price is trading below $104,000 and the 100 hourly Simple moving average.
