Why Did Bitcoin Gold and Silver Fall? Here’s What Happened Behind the Scenes

This is a multi-layered “cross-asset” sell-off that cannot be reduced to one factor, as it became the sharp wave which hit global markets on the night of January 29-30, 2026.

Its sudden reverse in precious metals, the sharp decline of major technology stocks (especially Microsoft), and its reflection in cryptocurrencies, one of the most liquidity-sensitive areas, quickly led to a chain reaction of panic.

Another key triggers for the sell-off in stock market was pricing that followed Microsoft’s earnings report. Although its results were well above expectations in some areas, the market was focused on the slowdown of Azure growth and return profile of high spending on AI infrastructure. But this concern led to a sharp drop of about 10% in the stock during the day, pressure on technology stocks.

At the same time, gold and silver were unusually sharpened. In the day, gold fell about 8% as the dollar strengthened after Trump announced Kevin Warsh was his nominee for Fed chairman; silver and other metals also shrunk sharply during the session, according to Reuters. Gold, silver and platinum suffered sharp losses after the Warsh news, according to The Financial Times, as a “rewind” of the overheated movement that reached record highs earlier in the week.

The sharp correction in precious metals and risk aversion in equities and the sharp decline in gold prices helped to accelerate the unwinding of leveraged positions in cryptocurrency. That strengthened the belief that Crypto is among the assets that responds most quickly to “liquidity shocks”. ” , ‘I’m sure it is worth reading.

Posts on social media and some market accounts have also posted about trillions of dollars in market value were lost in gold, silver indices and the cryptocurrency within an hour or less. While there is no standard statistical data point for these figures, news reports from Reuters and the Financial Times confirm that the sharp decline in precious metals and concentrated sell-off in technology stocks occurred “simultaneously”. – ’.

Some buying activity is seen in a part of the market today, but news flow shows risk perception has not been fully normalized. gold still is heading towards a strong monthly performance,’ said Reuters; “It has been very hard for intraday volatility and profit-taking to be extremely high. This is a reference to ‘an regime where the risk premium remains high, even with – and has ‘partial pullback’.

*This is not investment advice.

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