Gold & Silver Rebound While Bitcoin Keeps Falling — Analysts Predict Drop to $60,000!

 

After last weekend's epic precious metals crash, global market sentiment has somewhat recovered — gold and silver both rebounded on Tuesday. Yet Bitcoin, which plunged alongside them, shows no sign of reversal.

 

As of press time, Bitcoin trades around $75,700, down over 3% in the past 24 hours and nearly wiping out all gains since early November when Trump won the U.S. election.

 

 

FalconX senior derivatives trader Bohan Jiang told media: “Many traders are trying to buy the dip, betting Bitcoin will rebound above $80,000. But as prices fall further, many leveraged positions are getting liquidated, adding more downward pressure.”

 

Dragonfly Capital general partner Rob Hadick added: “Beyond liquidation pressure in digital assets, uncertainty around U.S. lawmakers providing legislative safeguards for crypto is heightening investor anxiety.”

Down to $60K?

Despite White House support for crypto and growing institutional adoption, Bitcoin is down roughly 40% from its early October all-time high.

 

The initial trigger was massive liquidations on October 10, sparked by Trump's aggressive tariff rhetoric. That event wiped out $19 billion in crypto investor positions, and the market has yet to fully recover.

 

For Bitcoin, crypto derivatives show further weakness. CME and CoinGlass data indicate open interest in crypto futures dropped sharply over the weekend. Perpetual contract funding rates — which account for most digital asset volume — have turned negative, signaling increased demand for bearish bets.

 

Galaxy research head Alex Thorn predicts Bitcoin's downtrend could accelerate, pushing prices below $60,000. Key factors: Bitcoin failed to act as a hedge against currency debasement during gold's surge, and there are no clear recent catalysts to reverse the slide.