Spot gold's intraday maximum drop exceeds 9%, with a market value evaporating by about "2 bitcoins"
BlockBeats News, January 30, according to Bitget market data, spot gold dropped from a daily high of $5,450 to a low of $4,944, with its market value evaporating by about $3.5 trillions at one point, exceeding twice the total market capitalization of bitcoin (currently reported at $1.64 trillions).
In addition, spot silver fell from a daily high of $118 to a low of $95.2, with its market value evaporating by about $1.28 trillions at one point, which is close to four times the total market capitalization of ethereum (currently reported at $327.3 billions, approximately 3.91 times the total market capitalization of ethereum).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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