Global market crash, the three major U.S. stock indices all closed lower, Bitcoin plummeted below the $65,000 mark, spot gold fell below the $4,770 mark, and spot silver dropped by 20.05%
On February 5, Eastern Time, the global market experienced a major crash. The three major U.S. stock indices all closed lower, with the Dow down 1.2%, the Nasdaq down 1.59%, and the S&P 500 index down 1.23%.
International precious metals fell sharply. As of the time of publication, spot gold was down 4.11%, priced at $4,766.2 per ounce; COMEX gold futures were down 3.37%, priced at $4,787.3 per ounce. Spot silver fell below $71 per ounce, down 20.05%, priced at $70.91 per ounce; COMEX silver futures were down 15.2%, priced at $71.6 per ounce.
Bitcoin plummeted, falling below $65,000 as of the time of publication, priced at $63,700. Compared to the historical high of $126,000 set last October, it has now dropped nearly half. This round of Bitcoin sell-off has lasted four months, severely impacting cryptocurrencies. Meanwhile, Ethereum also dropped over 15% to $1,846, marking the lowest point since May last year.
One of the triggers for this round of sharp decline is the market's concern about the impact of artificial intelligence on the valuation of software companies.