Gold Market Crash Hits $3.37T: Will FOMC Push Bitcoin Crash Deeper?

A huge Gold Market Crash has shaken the global industry this week. In just seven days, around $3.37 trillion has been wiped out, which is equal to the total market cap of Bitcoin, Ethereum, BNB, Solana, and XRP combined.

This has left investors asking one big question: If yellow metal can fall so hard, will the ongoing Bitcoin crash go deeper or hold ground? Let’s dive into the details now.

What’s Behind Gold Market Crash: $3.37T Wipe Out Explained

According to Ash Crypto latest X post , this $3.37 trillion wipeout is one of the biggest in recent times. It is now trading around $3,916 per ounce, showing a strong downtrend on TradingView charts.

The RSI is down to 29.20, which means assets are oversold, a point where selling might start slowing down. But the MACD indicator is still showing a bearish signal, meaning sellers are still in control.

Technically, this Gold price drop today has a key support zone at $3,880–$3,900. If prices stay above this level, it could reach toward  $5,500–$6,000. But if it breaks below $3,880, the fall towards $3,850 is possible.

Why Is Gold Falling Today? Reason and Expert Opinion

This gold market crash is happening because inflation in the U.S. is cooling down, and investors are expecting Fed rate cuts. As a result, many traders are moving their money from this safe haven asset  to riskier assets like stocks and crypto.

While the token looks oversold for now, experts say the market might see a small recovery but with caution due to the FOMC rate cut meeting decision approaching in just a few hours.

Expert Opinion: Industry expert Rashad Hajiyev shared his views on X, saying the yellow metal drop is a healthy correction and part of a bigger uptrend. He explained that markets often cause “maximum pain” triggering stop losses and margin calls  before starting a new rally.

$BTC Stays Strong During Gold Market Crash

While shining asset is falling, the Bitcoin crash is holding steady . With a slight downtred, it is trading around $114,596, showing surprising strength even after a $3.37 trillion wipeout.

On the TradingView charts, its RSI is near 53, meaning the price is balanced, neither too high nor too low. The MACD is close to a bullish crossover, suggesting that a small rally might happen if market sentiment stays positive.

Interestingly, experts believe the BTC crash on fomc meeting today will not go deeper, because institutional money is slowly moving from safe haven asset to crypto king, proving that it is becoming a modern store of value. This latest Gold Bitcoin news is not far from over because the major trigger of price fluctuations is surfacing around.

FOMC Meeting: The Deciding Factor of Price Trends

The FOMC Fed rate cut meeting, happening today and tomorrow, is now the biggest focus for both the assets. If Jerome Powell confirms that the Federal Reserve will cut rates multiple times in 2025, then $BTC price could rise above $116,000 and aim for $120,000.

But if not, then we could see a Bitcoin crash following immediately, taking prices down to $111,000–$112,000. At the same time, such a move could also extend the gold market crash, keeping investors nervous.

Conclusion

The $3.37 trillion golden market wipeout has shaken investors everywhere. It is oversold but not yet stable, while $BTC looks calm and ready to attract new investors.

Note: “One is breathing, and another is breathing.” Today’s Fed rate cut meeting will decide who shines brighter in the coming weeks.

Disclaimer: This article is for educational purposes only, so always do your own research and take experts advice before investing any in cryptocurrency