Gold and silver experience significant pullbacks, capital rotates into the crypto market, BTC breaks through $90,000 triggering a broad rally

2026-01-03 02:10:26

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【CoinPush】Recently, the precious metals market has experienced a significant correction, with gold and silver beginning to decline after reaching their peak levels. As of now, gold is quoted at $4,331, down 4.82% from the top; silver is quoted at $72.8, with a more noticeable decline of 13.1% from its high.

This wave of correction in precious metals has created a rebound opportunity in the crypto market. According to data from a certain trading platform, Bitcoin broke through the $90,000 mark strongly last night, reaching a high of $90,961, and is currently stable above $90,000, with a current price of $90,157. Driven by Bitcoin’s rebound, the entire crypto market has entered a broad rally mode.

The Altcoin sector performed especially well. PEPE led the gains with a 24.6% increase over 24 hours, now trading at $0.00000612; other mainstream coins also rose collectively—Ethereum up 4.31% to $3,129, Solana up 5.13% to $132.63, Sui up 13.87% to $1.669, VIRTUAL up 13.22% to $0.786, and Dogecoin also up 12.53% to $0.142.

Interestingly, the US stock crypto sector was not left behind. Amid a slight decline in the Nasdaq index, related stocks rose against the trend. Coinbase(COIN) increased by 4.59%, Circle(CRCL) rose by 5.26%, MicroStrategy(MSTR) gained 3.43%, Bitmine(BMNR) surged by 14.88%, and SharpLink Gaming(SBET) increased by 8.39%.

Market analysts believe there is a deeper logic behind this. Previously, well-known industry analyst Garrett Jin pointed out that over-extended and short-term severely overbought positions in precious metals have increased risk exposure, leading to profit-taking. Funds are shifting from overheated trading assets to relatively undervalued assets. After the US stock market opened yesterday, Garrett Jin reiterated that gold and silver have reached a phase top, and funds have begun rotating into the cryptocurrency sector. He predicts that capital inflows may continue, with upward momentum possibly accelerating short squeeze events, and there may be no significant pullbacks during this process.

BTC1.73%

PEPE18.64%

ETH3.44%

SOL4.21%

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UncommonNPC

· 2h ago

Gold ran into the crypto space to pick up the slack, this round of rotation is quite impressive, PEPE this crazy coin directly 24%... Damn, I’m thinking about bottom fishing a bit.

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GasFeeCrybaby

· 2h ago

Gold and silver are fleeing, is BTC taking over again? This round of rotation is playing out really well, haha.

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NoodlesOrTokens

· 2h ago

Gold drops and we take off, this wave of rotation is incredible --- PEPE up 24.6% in 24 hours? What the heck is going on? --- $90,000 broken, it feels like the start of another round of harvesting the leeks --- Funds fleeing from precious metals are pouring into the crypto space, what does that mean? --- Wait, silver drops 13% but BTC only rises a little? Feels like the funds aren't that aggressive --- The surge in Altcoins this time is outrageous, it feels like we're not far from a death spiral --- Gold and silver correction = crypto rebound? I’m a bit skeptical about this logic --- Who dares to chase PEPE’s rise? Tomorrow, they’ll be the bagholders --- It feels like BTC is about to break a new high again, but I’m still a bit nervous --- Funds are really rotating, let’s see how long it can last

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CounterIndicator

· 2h ago

Gold is falling so sharply, but crypto is skyrocketing? The capital rotation is so obvious, it's a bit outrageous.

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