Gold and Silver Plunge as Crypto Gains Nearly $100 Billion After Trump Warning

US President Donald Trump warned a “big wave” is still coming in the escalating Iran conflict, jolting markets. Instead of a typical flight to safety, precious metals plunged while crypto surged: within 60 minutes gold and silver erased an estimated $1.1 trillion in combined market value.

Spot gold fell 2.05%, shedding nearly $100 per ounce and wiping out roughly $750 billion, while silver plunged 7%, erasing about $370 billion as prices moved toward $88 per ounce. Capital rotated aggressively into digital assets. Bitcoin broke above $69,000, rising roughly 5% and adding an estimated $60 billion to its market capitalization.

Ethereum reclaimed the $2,000 level, climbing 5.8% and contributing another $23 billion. "The Crypto market has added $100 billion in the last 45 minutes, liquidating nearly $80 million in short positions," one analyst noted.

United States

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