We see that gold prices reached a peak in October.

Subsequently, gold enthusiasts took profits and shifted their investments to silver, which hit a record high in December, two months later; they also invested in palladium and small-cap stocks (Russell 2000 Index), with small-cap stocks reaching a record high two weeks ago.

We observe capital moving downstream along the risk curve.

Next are Bitcoin and Ethereum, followed by larger-cap altcoins, and finally smaller-cap altcoins.