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

Bitcoin MagazineBitcoin 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. This post Bitcoin Price Surges Past $113,000 as Gold and Silver Prices Tank first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Oct 22, 2025 - 03:10

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 actively exploring ways to integrate emerging financial technologies with legacy infrastructure.

The sell-off of precious metals has raised questions on social media about whether investors are rotating capital from gold and silver into bitcoin.