Bitcoin falls to $82,780 as gold and silver shed $550B in hours

Bitcoin fell to $82,780 during trading, while gold and silver lost about $550 billion in combined market value within hours, according to market-data services that track spot prices and estimates of above-ground metal stocks.

The cryptocurrency dropped from higher levels earlier in the session amid elevated volatility and heavier trading volume on major digital-asset platforms.

Spot prices for gold and silver moved lower quickly, reducing the metals’ combined market capitalization by roughly $550 billion. That estimate is derived by multiplying current spot prices by commonly used estimates of above-ground metal supplies.

Price swings appeared across global trading venues for both precious metals and Bitcoin. Trading screens showed sharp intraday losses; market participants reported quick shifts in bids and offers and thinner order books in parts of the market.

No single public announcement tied directly to all three moves was immediately identifiable. Market participants point to factors they watch — including changes in interest-rate expectations, currency moves, flows into and out of exchange-traded funds and lending platforms — but available trading data did not show a direct cause.

The declines reduced measured market capitalizations: Bitcoin’s value fell by several billions of dollars as spot prices dropped across exchanges. Gold and silver’s aggregate valuation fell by hundreds of billions because the market-value calculation applies price changes to the total estimated stock of above-ground metal.

Bitcoin is the largest cryptocurrency by market value and trades continuously on digital-asset platforms. Gold and silver trade on commodity exchanges and over-the-counter markets and are held in physical form and via financial products such as exchange-traded funds.

Traders and investors will watch subsequent sessions for signs of stabilization, further selling or recovery as participants reassess positions and liquidity conditions.