John Tucker
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Sell-off briefly dragged Bitcoin to a more than 50% retreat from its October peak.
Just yesterday, investors pulled $434 million from U.S.
exchange-traded funds for Bitcoin.
Now, this morning, it is higher, above $65,000 a token, and stock futures are modestly higher.
I'm John Tucker, Bloomberg Radio.
The white metal wiping out a two-day recovery with investors looking for a bottom at this point.
This follows a record-breaking rally that appeared to run too far too fast.
Silver has retreated by more than a third from its all-time high on January 29th.
Investors have built up large positions in the precious metals and further fuel is added by heavy inflows into ETFs.
In addition to silver, gold lower.
It fell toward $4,900 an ounce.
And let me toss this in.
Crypto winter.
That continues.
Bitcoin falling below $70,000 for the first time since November of 2024.
In New York, I'm John Tucker, Bloomberg Radio.
Good morning, Nathan.
Yes, silver.
Let's start there.
That plummeted as much as 17% as the commodity is struggling to find a floor following this historic route.