Bitcoin Price Surges Past $113,000 as Gold and Silver Prices Tank

Bitcoin Magazine Bitcoin Price Surges Past $113,000 as Gold and Silver Prices Tank

Bitcoin price roared past $113,000 today, climbing from $108,000 earlier in the session, as traditional safe-haven assets took a hit.

Spot gold extended its losses to $4,085.39 per ounce, down more than 6%, while spot silver plunged as much as 8.7%, marking its steepest drop since 2021.

Bitcoin’s surge came after Federal Reserve Governor Christopher Waller signaled a major shift in U.S. crypto policy, announcing a “skinny master account” program. This initiative would give eligible fintechs and digital-asset firms limited, direct access to the Fed’s payment system, bypassing traditional banks.

Waller framed distributed ledgers, DeFi, and crypto assets as integral to mainstream finance. The Fed is activel