Bitcoin Price Surges Past $113,000 as Gold and Silver Prices Tank
Bitcoin surpassed $113,000 while gold and silver prices dropped significantly following a major shift in U.S. crypto policy.Summary
The price of Bitcoin surged past $113,000, climbing from $108,000 earlier in the session, coinciding with a sharp decline in traditional safe-haven assets; spot gold fell over 6% to $4,085.39 per ounce, and spot silver plunged by as much as 8.7%.
This surge followed Federal Reserve Governor Christopher Waller's announcement of a "skinny master account" program, which grants eligible fintechs and digital-asset firms limited, direct access to the Fed’s payment system, signaling a new era for crypto integration.
Bitwise's analysis suggests that even a small capital rotation—a 3–4% shift—from gold into crypto could theoretically double Bitcoin's price, given the disparity in market capitalization. Supportive factors include seller exhaustion, systemic financial risks from regional bank stress, and potential Fed moves to pause Quantitative Tightening, which historically benefits gold and, by extension, Bitcoin during risk-on sentiment.
(Source：Bitcoin Magazine)