Gold and silver soar to new highs, the crypto assets market is sluggish, and Google's acquisition of Intersect boosts AI-related US stocks.

Christmas is approaching, how much investment can the legendary Christmas rally drive up? Or will it turn into a situation with only “leftover eggs”? At this moment, the risk sentiment in the global financial market has drastically changed, with gold and silver prices rising, and the stock and crypto assets markets showing clear capital rotation. During the US trading session on Monday, the prices of precious metals like gold and silver surged significantly, while the US stock market remained strong. Alphabet (GOOG) acquired AI infrastructure startup Intersect for $4.75 billion, stimulating market sentiment and driving up AI-related stocks, while the price of Bitcoin BTC briefly rose to 90,000 before retreating. The following is a comprehensive translation report.

Gold and silver have reached historic highs.

Recent news from the gold market shows that gold prices have once again set a historical record driven by multiple factors. Influenced by a weaker dollar, a decline in U.S. Treasury yields, and rising concerns about persistent inflation and geopolitical risks, safe-haven and anti-inflation funds continue to flow into the precious metals market. On Monday, gold prices surged approximately 2% in a single day, reaching an all-time high of $4,475 per ounce; silver also performed well, rising 1.6%, briefly approaching the record level of $70 per ounce. Several market participants pointed out that the continuous accumulation of gold by central banks globally, the uncertainty surrounding U.S. monetary policy prospects, and a rebound in physical demand are all important supports for the strong performance of gold prices.

Bitcoin briefly pumped and then fell back, while Crypto Assets continued to be sluggish.

In contrast, Crypto Assets strengthened during the Asia-Europe trading session, but the upward momentum slowed after entering the US market. Bitcoin BTC briefly broke through the 90,000 dollar mark, then fell back to around 89,000 dollars. Although it has maintained an upward trend within 24 hours, its overall performance lagged behind major assets such as gold, silver, and US stocks. The Nasdaq index and the S&P 500 index both rose by about 0.6% after noon on Monday, while the US dollar index fell by 0.3%, indicating that risk assets and precious metals are favored by investors at the same time.

Alphabet (GOOG) acquisition Intersect drives the market, AI related stocks continue to pump

The performance of Bitcoin miners transforming to focus on artificial intelligence infrastructure and high-performance computing stands out. Alphabet (GOOG) announced that its acquisition of the artificial intelligence infrastructure startup Intersect for $4.75 billion boosted market sentiment for AI-related stocks. Alphabet stated that this acquisition will allow more data centers and power generation capabilities to be deployed faster in application scenarios, while also accelerating energy development and innovation.

Hut 8 (HUT)'s pump reached 17.5%. IREN (IREN), Cipher Mining (CIFR), and Bitfarms (BITF)'s pump is between 5% and 10%. Within the crypto assets industry, AI-related trades remain a market highlight. Several Bitcoin miners are actively transforming, extending their operational focus to AI infrastructure and high-performance computing, driving significant increases in related stocks.

However, some analysts remain cautious about the short-term trend of Bitcoin BTC. The ByteTree analysis team pointed out that before the precious metals bull market cools down, Bitcoin is unlikely to experience a comprehensive explosion in the overall Crypto Assets market. The analysis suggests that current funds are more inclined to allocate to traditional safe-haven assets such as gold and silver. Nevertheless, in the long term, Bitcoin's performance over the past few years still surpasses that of most metal assets, while silver has shown a parabolic rise in recent years, with its cumulative returns even approaching Bitcoin levels, indicating that the market structure is undergoing new changes. Whether Bitcoin can regain strong upward momentum in the future will be closely related to the prices of gold and silver, as well as global news and risk appetite.

In this article, gold and silver soared to new highs, the cryptocurrency market is sluggish, and Google's acquisition of Intersect drove the rise of AI-related US stocks. It first appeared in Chain News ABMedia.