Bitcoin hits low at $73,000, while gold, silver increase by 5%. Gold rebounds from 2-day collapse, silver jumps 15%. Fed Chair nomination and job report delay adds pressure.
Bitcoin has dropped to $73,000, while gold and silver have rebounded by 5% each. Gold saw its largest single-day gain since November 2008 after a two-day decline, and silver jumped 15% following a significant crash. The sell-off was influenced by President Trump's nomination of Kevin Warsh as Fed Chair, which is viewed as hawkish, alongside the delay of the January jobs report by the Bureau of Labor Statistics.
Unusual Whales·
