Cryptocurrencies Lead Market Declines as Silver Slides Nearly 4%

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Cryptocurrencies and precious metals experienced notable declines today, with Ethereum leading losses among tracked assets. Digital assets underperformed as Bitcoin and Ethereum both retreated from recent levels, signaling broader weakness in risk assets.

Cryptocurrencies Under Pressure

Bitcoin fell ▼ 3.13% to 80967.51 USD, trading between 80274.98 USD and 83775.80 USD during the session. Ethereum recorded a steeper decline, dropping ▼ 6.03% to close at 2362.75 USD, with a daily range of 2320.54 USD to 2516.17 USD.

Precious Metals Pull Back

Silver extended its losses, declining ▼ 4.03% to 56.76 USD per ounce. The metal traded between 55.84 USD and 59.43 USD throughout the day.

Gold showed relative resilience, slipping just ▼ 0.20% to 4148.10 USD per troy ounce. The precious metal held a tight daily range of 4113.00 USD to 4165.90 USD.

Currency Markets Stable

Major currency pairs and Gulf region pegs held steady. USD/EUR moved higher by ▲ 0.25% to 0.8945 EUR, while USD/GBP edged down ▼ 0.04% to 0.7562 GBP. Middle Eastern currency pairs remained fixed: USD/QAR at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED.