Derived from TechFlow, on December 1, precious metals continued to strengthen, with spot gold reaching as high as $4,230 per ounce and silver hitting $57 per ounce for the first time. Meanwhile, BiyaPay data showed a roughly 6% decline in BTC/USD. BiyaPay analysts noted that with rising expectations of rate cuts, capital is temporarily favoring gold and silver as safe-haven assets, potentially increasing volatility in digital assets. Investors can trade U.S. and Hong Kong stocks, gold and silver shares, and Bitcoin on BiyaPay using USDT, taking advantage of price corrections while managing leverage and position risks.
Gold and Silver Rise as Bitcoin Falls 5% Amid Rate Cut Expectations
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