Global markets saw a shock this week as Gold and Silver prices tumbled from record highs, triggering speculation that investors are shifting back to crypto.
Gold hit an all-time high of $4,367 on October 17, pushing its market cap to $30 trillion—a first in history. But the shine didn’t last. On October 18, the Gold price fell nearly 3%, now trading around $4,250, with its market value standing at $31.44 trillion.
Source: TradingView
Silver faced a deeper cut. After touching a lifetime high of $54.500, the Silver price plunged about 7% to $51.861, leaving the metal with a $3.02 trillion market cap. Despite the drop, Gold still dominates as the world’s largest asset, while Silver holds sixth place.
Source: TradingView
Interestingly, Gold funds had recently seen massive inflows—$8.2 billion last week following a record $9.5 billion the week before. The four-week average inflows now stand at $7.5 billion, nearly double the 2022 peak, with total inflows of $34.2 billion in the past ten weeks. Yet the sudden correction hints that the rally might have overheated, prompting investors to seek alternative assets.
Bitcoin Price Surge: Reclaims Momentum as Funds Shift
Amid the metals crash, Bitcoin price surge headlines returned as BTC climbed back toward $106,600, signaling renewed optimism. After a volatile two weeks—when BTC dropped from its October 7 ATH of $126,198 to $103,736—the crypto giant appears to be stabilizing.
At the time of writing, its market cap stood at $2.12 trillion with a 24-hour trading volume of $100.28 billion, up 16%. This spike in volume often reflects institutional repositioning—so-called “smart money” moving back into crypto.
It currently ranks eighth among global assets, but its resilience against traditional metals suggests confidence is rebuilding as global investors reassess diversification.
Bitcoin Price Analysis: Key Levels to Watch
Technically, Bitcoin (BTC) is consolidating between $105,000–$115,000. The RSI at 49.8 signals neutral momentum, slightly leaning bearish. Meanwhile, the MACD has formed a bearish crossover, showing short-term pressure below the zero line.
Source: TradingView
For bulls, reclaiming $112,000–$115,000 could ignite momentum toward $120,000–$125,000 once again. In contrast, failure to hold $105,000 may open the door to $98,000–$95,000.
In broader terms, BTC remains in a mid-term consolidation phase. A breakout above $115K or breakdown below $100K will likely define the next major market trend.
Whales Returning to Crypto: A Shift in Sentiment
The synchronized fall of Gold and Silver prices with the Bitcoin price surge signals an early rotation of funds. Institutional investors seem to be moving capital from over-extended metals into digital assets, betting on its long-term upside amid global inflation and volatility.
Conclusion
As metals lose steam, Bitcoin is regaining its edge as a growth asset. The current Bitcoin price surge may mark the start of a new wave of institutional inflows. If whales continue reallocating from Gold and Silver, BTC could soon reclaim its bullish trend—setting the stage for the next major crypto breakout.
Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.
