Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas

Gold, silver, platinum and copper all surged to new records as metals — not bitcoin — attracted capital on the debasement trade and geopolitical tension. What to know : Major cryptocurrencies and crypto stocks slid in early U.S. trade Friday, with bitcoin slipping back below $87,000 and bitcoin miners down 5% or more across the board. Gold, silver and other metals surged, with geopolitical concerns adding to the debasement trade.