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Why Is Crypto Down Today? – February 4, 2026
Yahoo Finance· 2026-02-04 20:08
“It looks like up to $1 billion in precious metals were liquidated at month’s very end as a result of falling crypto prices,” Burry said. The crypto-precious metals correlation has created “sickening scenarios,” he added.Meanwhile, Michael Burry, the investor behind ‘The Big Short’, argued that Bitcoin’s ongoing falls could trigger a $1 billion sell-off in gold and silver.At the same time, Cosmos Hub (ATOM) and PAX Gold (PAXG) are the best performers among the green coins. They’re up 4.4% and 3.5% to $2.09 ...