Bitcoin Leads Market Decline as Precious Metals and Cryptos Retreat

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Cryptocurrency and precious metals sold off sharply in overnight trading, with Bitcoin leading declines at −▼ 2.74% to $62,940.00. The digital asset traded between $62,812.00 and $64,879.00 during the session.

Precious Metals Under Pressure

Silver fell harder than gold, declining ▼ 2.27% to close at $57.69. The metal ranged from $57.69 to $59.03 throughout the period. Gold retreated ▼ 1.21%, settling at $4,043.70 after trading between $4,043.70 and $4,093.30.

Cryptoassets Decline

Ethereum followed Bitcoin lower, dropping ▼ 2.48% to $1,867.83. The second-largest cryptocurrency oscillated between $1,860.42 and $1,920.60 over the session.

Currency Markets Mixed

The dollar showed uneven performance against major fiat currencies. EUR/USD weakened by ▲ 1.15%, with the euro trading at 0.8687 EUR per dollar. Sterling edged lower by ▼ 0.99% to 0.7433 GBP.

Gulf currency pegs remained anchored, with USD/QAR holding steady at 3.6400, USD/SAR flat at 3.7500, and USD/AED unmoved at 3.6725.