Gold Crashes 8%, Wiping Out $2.43 Trillion in 48 Hours — Here’s Why It’s Rocking Bitcoin’s Battle for Safe-Haven Supremacy

In a dramatic turn of events, the price of gold has plummeted by an astonishing 8% within a mere 48-hour period, resulting in the loss of approximately $2.43 trillion in market value. This unexpected decline has significant implications not only for precious metal investors but also for the broader financial landscape, particularly as it pertains to Bitcoin's ongoing struggle to establish itself as a viable alternative safe-haven asset. Here’s an in-depth analysis of the factors contributing to this steep drop in gold prices and how it is influencing perceptions and dynamics in the cryptocurrency market, especially in Bitcoin's quest for supremacy as a preferred store of value during times of economic uncertainty. source: https://blocknews.com/gold-crashes-8-wiping-out-2-43-trillion-in-48-hours-heres-why-its-rocking-bitcoins-battle-for-safe-haven-supremacy/