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Crypto Selloff Explained: Bitcoin vs. Gold and 275K Traders Affected
Yahoo Finance· 2026-01-30 09:53
Investors are comparing Bitcoin and gold as macro and geopolitical tensions impact both assets, triggering significant liquidations. Gold recorded an all-time high of $5,608 per ounce on Jan. 29, according to Trading Economics data. However, the asset, with a market cap of just over $36 trillion, fell by 4.7% over the past day to $5,180. Macro Pressures Weigh on Bitcoin and Gold Bitcoin has been on a downward spiral since the US Fed’s interest rate decision, which remained unchanged on Jan. 28. The l ...