In accordance with Coindesk, major cryptocurrencies including Bitcoin (BTC), XRP (XRP), and Ether (ETH) have declined this month, while gold and silver have risen. Bitcoin has fallen over 9% below the $100,000 level, with Ethereum, Solana, and Doge also dropping between 11% and 20%. Meanwhile, gold and silver have gained 4% and 9%, respectively, as concerns over government debt and credit risk weigh on digital assets. Amberdata's Greg Magadini noted that digital asset treasuries (DATs) face potential forced selling if credit markets tighten, which could trigger a downward spiral. Precious metals are also rising due to global fiscal instability, particularly in the U.S. and Eurozone.
Bitcoin, XRP, and Ether Decline as Gold and Silver Rise Amid Credit and Fiscal Concerns
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