The rush for gold and silver is not necessarily bad news for the crypto market. Historically, this is actually a prelude to a market rally.
If history repeats itself, Bitcoin and the crypto market will not lead the charge first, but will follow as the precious metals' rally slows down. Therefore, the current sideways consolidation of Bitcoin is not the beginning of a bear market, but a silence before the storm.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The rush for gold and silver is not necessarily bad news for the crypto market. Historically, this is actually a prelude to a market rally.
If history repeats itself, Bitcoin and the crypto market will not lead the charge first, but will follow as the precious metals' rally slows down. Therefore, the current sideways consolidation of Bitcoin is not the beginning of a bear market, but a silence before the storm.