Silver continued its rally Friday, rising above $101 per ounce after earlier surpassing $100 for the first time, while gold edged closer to $5,000.
Bitcoin (BTC $87,757.89) recovered to $91,000 in early U.S. afternoon trading, testing a potential breakout from its week-long $88,000–$90,000 range. The roughly 2% rebound from morning lows has been linked by some traders to suspected intervention in the Japanese foreign exchange market.
The Bank of Japan left policy unchanged overnight but struck a mildly hawkish tone, strengthening the yen against the U.S. dollar. The yen’s sudden move accelerated around noon on the U.S. east coast, and analysts suggest FX intervention may be behind it. Many traders also note that the yen’s recent weakness had pressured bitcoin and other risk assets, meaning a reversal could benefit cryptocurrencies.
Crypto stocks rebound
Bitcoin-related equities climbed after early losses. Miners with AI exposure—including Iren (IREN), Hut 8 (HUT), TeraWulf (WULF), and CleanSpark (CLSK)—rose 5%–10%. Strategy (MSTR) gained 5%, and Coinbase (COIN) pared losses to just 1%.
U.S. equities also recovered, with the Nasdaq up 0.6%.
Metals extend gains
Silver surged more than 5% to $101.44 per ounce, gold rose 1.5%, and platinum and palladium each jumped over 6%, highlighting continued demand for safe-haven assets amid market volatility.
