Bitcoin surges past 79,000 as gold and ethereum gain, silver retreats

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Bitcoin extended its rally, rising ▲ 2.16% to $79,143 and trading between $78,723 and $81,104 during the session. Ethereum followed suit, climbing ▲ 1.10% to $2,478.56 and ranging from $2,470.22 to $2,527.13.

Precious Metals

Gold edged higher, gaining ▲ 0.65% to settle at $4,643.50 per ounce. The metal traded a range of $4,622.50 to $4,696.40 throughout the day.

Silver, however, moved in the opposite direction, falling ▼ 1.54% to $68.23. It fluctuated between $67.74 and $70.06 before closing lower.

Currency Pairs

The U.S. dollar weakened modestly against major currencies. The dollar-to-euro rate declined ▼ 0.78% to 0.8572 EUR, while the dollar-to-pound rate slipped ▼ 0.72% to 0.7335 GBP.

Middle Eastern currency pegs remained stable, with the dollar holding steady at 3.64 QAR, 3.75 SAR, and 3.6725 AED.