Why is Crypto Down Today? Gold Price Smashes $5,600 as the Dollar Slips and Liquidity Floods the System
Yahoo Finance·2026-01-29 17:52
The gold price gained more market cap in one day than Bitcoin’s entire market cap. I cannot imagine how smug gold bug Peter Schiff is right now. Ray Dalio, Schiff, they were all right…The USA is collapsing in real time. and equities have stalled as gold and silver rip higher. Glassnode data shows declining risk appetite in crypto derivatives, while energy and base metals are also catching bids. Gold prices briefly tested $5,600 per ounce this week before profit-taking set in, extending what is now one ...