Overview
- Bitcoin fell under $70,000 on Thursday and briefly neared $60,000 overnight before bouncing to about $66,000, leaving it down roughly 20% this year and about 45% below its October 2025 peak.
- Analysts tie the crypto slide to sustained outflows from U.S. spot Bitcoin ETFs—over $3 billion in January—and broader institutional de‑risking, with Deutsche Bank flagging waning traditional investor interest.
- Gold and silver recovered on Wednesday to about $5,067 and $89 per ounce after last week’s plunge, then slid again overnight, with reports of silver giving back its gains and gold dropping around 9%.
- Market moves accelerated after President Donald Trump nominated Kevin Warsh to lead the Fed, a signal seen as hawkish that strengthened the dollar and prompted profit‑taking; even so, banks like Goldman Sachs and Deutsche Bank still project year‑end gold near $5,400–$6,000, and JPMorgan cites potential as high as $6,300.
- Copper, which spiked above $13,800 per tonne in late January on China-driven demand and supply constraints, has retreated, though analysts say structural factors such as limited new mine supply continue to support the medium‑term outlook.