coin-img-HYPEHYPE-7.56%coin-img-MOLTMOLT-34.04%coin-img-AAVEAAVE-1.70%coin-img-ASTERASTER-4.41%coin-img-BIRBBIRB-8.96%coin-img-TRIATRIA+42.27%coin-img-UNIUNI-2.75%coin-img-ZAMAZAMA+0.81%coin-img-HYPEHYPE-7.56%coin-img-MOLTMOLT-34.04%coin-img-AAVEAAVE-1.70%coin-img-ASTERASTER-4.41%coin-img-BIRBBIRB-8.96%coin-img-TRIATRIA+42.27%coin-img-UNIUNI-2.75%coin-img-ZAMAZAMA+0.81%coin-img-HYPEHYPE-7.56%coin-img-MOLTMOLT-34.04%coin-img-AAVEAAVE-1.70%coin-img-ASTERASTER-4.41%coin-img-BIRBBIRB-8.96%coin-img-TRIATRIA+42.27%coin-img-UNIUNI-2.75%coin-img-ZAMAZAMA+0.81%coin-img-HYPEHYPE-7.56%coin-img-MOLTMOLT-34.04%coin-img-AAVEAAVE-1.70%coin-img-ASTERASTER-4.41%coin-img-BIRBBIRB-8.96%coin-img-TRIATRIA+42.27%coin-img-UNIUNI-2.75%coin-img-ZAMAZAMA+0.81%

Gold rebounds above $5,000 per ounce as crypto market cap falls $1.7T from October peak

Gold prices rebounded above $5,000 per ounce on Feb. 4 after pulling back from record highs, with some investors buying the dip and a Fidelity fund saying it is ready to re-enter the metal following what it described as the largest decline in forty years, Bloomberg reports. Total digital-asset capitalization has dropped by about $467.6 billion since Jan. 29 and fallen $1.7 trillion from the October peak, led by Bitcoin's decline. Investor Michael Burry warned that Bitcoin has slid around 40% from its October high and said the move could potentially evolve into a self-reinforcing "death spiral," as capital flows visibly back toward traditional havens such as gold amid macro uncertainty and weaker risk appetite.
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