Crypto and precious metals are both in recent low price ranges.
At least part of the explanation for this is the recent strength in the dollar. The dollar is strong because it is measured against other fiat currencies. It is the strongest in a weak group.
Turkey had a bad week. The dollar gains and crypto currencies suffer.
The system has no firm comparative measure. When there are no fixed weights and measures in the market comparisons are meaningless.
Utility and functionality becomes key. Because fiat currency is most widely accepted people trust them.
Inflation is lack of purchasing power lost to excessive money supply. There is too much money chasing too few goods.
Inflation is destroying public confidence in fiat. As this confidence is lost, people will seek more stable alternatives. These are ‘big picture’ facts.
The short term drops in prices will not last.
Here is today’s beauty.