Bitcoin is hovering around $90K, while gold targets $5K ATH and silver breaks $100

The precious metals are on the run again. BTC tried but failed.

With growing global uncertainty and increasing geopolitical tension, it is clear that investors are tending to choose more stable and historically proven assets such as gold and silver, while leaving cryptocurrencies aside, at least for now.

In the past few hours alone, BTC attempted a breakout, which was quickly halted at $91,000, while gold and silver hit new all-time highs.

Bitcoin’s gains from early 2026 were quickly wiped out this week as Trump and the EU waged an all-out verbal war with tariff threats and potential “bazookas” over Greenland.

As a result, the primary cryptocurrency fell from over $95,000 to a multi-week low of $87,200 before recovering to near $90,000, where it has spent most of the past day. Hours ago it finally tried to break out, but the bears went up to $91,200 and did not allow another run.

On the contrary: BTC immediately plummeted again by almost two thousand dollars. Most altcoins followed suit, posting more than $300 million in liquidations on a daily basis, according to Coinglass data. More than half of that amount has been destroyed in the last four hours alone.

At the same time, the precious metals market continues to flourish. Gold peaked at $4,970 earlier today, where it received some rejection, but broke through that level to mark a new all-time high at $4,980. As such, it has approached $5,000 for the first time ever. The precious metal has risen by more than 15% since the beginning of the year.

Silver has been the other big winner lately. After rising triple digits in 2025, the stock continues as 2026 began and is now up a whopping 42% in just a few weeks. The last record high came hours ago when it rose above $100.

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Much of these gains against the dollar can be attributed to its poor performance. If reported According to Bloomberg, the dollar will end its worst week against other currencies (and asset classes) since June.