According to Followin, As markets continue to price in further Federal Reserve easing, spot gold surged above $4,380 on Monday, hitting a new all-time high. Silver broke above $68, while platinum climbed past $2,000, marking a synchronized breakout across precious metals. A weaker U.S. dollar, alongside escalating geopolitical tensions and trade frictions, has accelerated safe-haven flows into non-yielding hard assets.
This macro backdrop carries clear spillover implications for the crypto market. Historically, when rate expectations turn decisively dovish and risk-free yields decline, capital tends to first concentrate in defensive assets before gradually rotating into higher-volatility, higher-beta alternatives. As “digital gold,” BTC’s narrative of fiat debasement protection and fixed supply is likely to regain strategic capital recognition during a phase of falling real yields.
Bitunix Analyst View:
In the near term, extreme strength in precious metals may divert some capital away from crypto. However, as the rate-cut path becomes clearer, market focus is likely to shift from defense toward yield and convexity. If the trends of lower rates and a weaker dollar persist, crypto assets may enter a phase of macro tailwinds, where structural opportunities and capital rotation matter more than one-directional price moves.
