Gold's market cap soared by $2.2 trillion in a single day, reaching an all-time high of $38.93 trillion, significantly surpassing XRP's valuation by nearly 20 times. This historic price action in precious metals saw gold hit $5,600, while silver's market cap climbed to $6.79 trillion. Despite these gains, both metals have since entered bearish trends, with gold's price dropping 8.35% to $4,908 and silver plummeting 25.5% to $85. The rapid increase in gold's market cap highlights the depth of the precious metals market, where small percentage changes can result in substantial nominal gains. In contrast, cryptocurrencies like Bitcoin and XRP, with market caps of $1.78 trillion and $103 billion respectively, are more volatile and react quickly to market changes. Analysts suggest that while gold and silver are currently declining, a major breakout for crypto assets could follow once these metals peak.