Gold and Silver Erased $7 Trillion From Global Markets, Will Bitcoin Follow?
Yahoo Finance·2026-01-31 20:31
A historic liquidation event swept through gold and silver markets over the past 48 hours, erasing roughly $7 trillion in value from precious metals. Meanwhile, Bitcoin fell 7% but remained surprisingly resilient amid the broader sell-off. Bitcoin analyst Joe Consorti noted that the decline in the precious metals market cap was roughly four times Bitcoin’s entire capitalization. BTC Avoids Liquidation Cascade That Crushed Gold and Silver Prices Data from blockchain analytics firm Santiment highlighted th ...