November 13, Shanghai Gold Exchange #黄金 T+D closed up 1.53%, #白银 T+D surged 5.24%, reported at 958.74 yuan/gram and 12575 yuan/kilogram respectively. This round of strong precious metals is mainly driven by multiple factors such as the warming of global risk aversion sentiment, a weakening dollar, and rising expectations for interest rate cuts by the Federal Reserve, leading to a concentration of funds flowing into the gold and silver markets.

Gold and silver, as traditional #避险资产 significantly rise, will attract some institutions and individuals' attention to the safe-haven properties of digital assets like Bitcoin. Historically, during times of increasing global financial risk, Bitcoin is often viewed as "digital gold," and in the short term, it is expected to rebound in line with precious metals.

The booming precious metals market may attract some speculative funds to flow out of the crypto space in the short term, shifting to gold, silver, and other highly volatile varieties, leading to a decline in the popularity of some small tokens and altcoins. Mainstream coins are relatively less affected, but overall market activity may see a slight decline.

The significant rise in gold and silver has strengthened the market's risk-averse atmosphere, helping to boost the value recognition of digital assets like $BTC , but in the short term, it may also divert some speculative funds, leading to a divergence in performance among different segments of the crypto market.