Bitcoin hits lowest level since 2024 and stocks stumble as AI and geopolitical nerves fray
Bitcoin hits lowest level since 2024 and stocks stumble as AI and geopolitical nerves fray
https://www.cnn.com/2026/02/03/investing/us-stock-market-bitcoin
Publish Date: 2026-02-03 15:01:00
Source Domain: www.cnn.com
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Market Decline: Stocks tumbled with the Dow down 360 points, S&P 500 falling 1.25%, and Nasdaq sinking 2% due to a nervous market mood.
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Bitcoin Drop: Bitcoin experienced a 7% drop, plunging to its lowest level since November 2024, just below $75,000, as it continues to struggle after a significant decline from its October high.
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Rising Precious Metals: Gold and silver surged higher, with gold futures gaining 6.8% to $4,967 an ounce and silver futures soaring 10% to roughly $84.78 an ounce.
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Tech Sector Woes: Shares of major technology and AI companies, including Microsoft, Amazon, and Nvidia, fell sharply, highlighting ongoing doubts about the profitability of the AI boom.
