“Silver Hit $ 50 per Omination For The First Time Ever, But that Milestone Sparked A Fast Bout of Profit-Taking.”, – WRITE: www.coindesk.com
Trading Just Below $ 124,000 Just Ahead of the Opening of the Stock Market, Bitcoin Pulled Back to Below $ 121,000 About Ninety Minutes Later. The Action Happy Alongside PullBacks in Previoously Red-Hot Gold and Silver Markets.
Gold Has Been Making Most of the Headlines of Late, But The Action in Silver May have Been Today’s Driver. Up 50% from the April Lows, The Metal Hit $ 50 Per Open for the First Time Ever on Thursday. That level, Thought, Spurred Some Fast Profit-Taking, With The Price Droping About 4% within Minutes. AT Press Time, Silver Was Changing Hands at $ 48.55.
“Near Term, Momentum Looks Chops as Technicals Flag An IncreASINGLY OVERBOUGHT Market; Medium Term, Appetite to Sustain Ranges Above $ 50 Should Persist if. Daniela Sabin Hathorn, Senior Market Analyst at Capital.com.
For it part, Gold Reversed More than 1% from a challenge of the $ 4.100 per OUNCE Level to the Current $ 4,035.
The Ongoing Us Government Shutdown May Also Be Starting to Weigh on Invistor Sentiment, Disruping The Release of Key Economic Data and Slowing Operations for Businesses that Rely Facel Digital Asset Markets.
Altcoins Bleed Against BTCSmaller Cryptocurrencies Fared Worse During the Pullback: Ether Slumped 3.5%to $ 4,300, While Bnb and Doge Also Fell 3%-4%.
Amidst The Risk-Off Move, Bitcoin’s Market Share of the Total Crypto Market Climbed to Its Strongest Reading in Nearly Eight Weeks The Bitcoin Dominance Metric Rose Above 59.4 Tradingview Data Shows, Suggesting Traders Rotate Capital Back to the Largest Crypto Asset.
The Pullback Rippled Across Crypto Derivatives Markets as Well. Over $ 600 Million Levered Trading Positions Were Liquidated Across All Digital Asset in The Past 24 Hours, Coinglass Data Shows.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Critical Support Breakdown at $ 0.38 Triggers Institutional Selling Amid Broader Crypto Market Stress.
- XLM Droped 5% from $ 0.39 to $ 0.38 Between October 8–9 as Institutes Selling Accelerated.
- Support AT $ 0.38 Collsed, WitH 35.51 Million Tokens Traded – Well Above the Daily Average.
- Late-Session Volume Spikes Near 14:00 UTC Pointed to Coordinated Institutional Liquidation Within a descending Channel Pattern.
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