Good morning! Coffee? ☕️
Geopolitics in the East has severed the connection between bitcoin and gold. The escalation of tensions between the USA and Iran has provoked a sharp spike in oil prices and a 'flight to quality'.
Here’s what the market looks like this morning:
📌 Metals
$PAXG is trading at $5,011.84, showing a growth of +1.60%.
✅ Silver shows explosive dynamics. The asset $XAG soared to $78.87, marking an increase of +4.23% over the day.
✅ Platinum is also favored by investors. The price $XPT rose to $2,101.26, adding a confident +2.27%. Capital is massively flowing into hard assets.
🔹Cryptocurrencies
🔻$BTC lost its support level and dropped to $67,090.94 (-1.50%). The status of 'digital gold' is currently not working — crypto is falling alongside tech stocks.
🔻 $ETH fell to $1,978.47, losing the psychological barrier of 2000 dollars.
🔻$SOL demonstrates even stronger weakness. The price fell to $82.29, which constitutes -3.56%.
🔻 $BNB is holding up somewhat better than others. Quotes are fixed at $610.01 with a relatively small minus of -1.74%.
We expect further strengthening of PAXG to the target of $5,150. For $BTC, it is critical to hold the level of $66,000, otherwise, panic may intensify.