Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Bitcoin dipped closer to $70,000 Thursday after hedge fund manager Michael Burry cautioned that larger losses might trigger asset sales extending beyond crypto, hitting gold and silver too.

Bitcoin · Cryptocurrency · NASDAQ:MSTR · Precious Metals
Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin teetered just above $70,000 on Thursday, slipping over 3% in Asian hours to $70,052.38—its lowest mark since November 2024. Ether also dipped, down nearly 2% to $2,086.11. The crypto selloff deepened this week, with bitcoin shedding more than 7% and now off close to 20% year-to-date; ether has dropped nearly 30%. “The market fears a hawk with him,” noted Manuel Villegas Franceschi from Julius Baer. Deutsche Bank analysts pointed to U.S. spot bitcoin ETFs pulling more than $3 billion in January outflows, following around $2 billion and $7 billion in December and November, respectively.
5 February 2026
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Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slipped below $71,000 in Asian hours on Thursday as a renewed slide in global technology stocks bled into crypto markets, cutting short hopes that last week’s violent swings were settling down. The world’s largest token fell as much as 7.5% over the past 24 hours and touched lows near $70,700 before paring some losses, CoinDesk data showed. https://news.futunn.com/post/68459830/bitcoin-slips-below-71000-as-ai-driven-tech-rout
5 February 2026
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Bitcoin rebounds near $76,000 after crash — but traders still brace for another leg down

Bitcoin rebounds near $76,000 after crash — but traders still brace for another leg down

Bitcoin and ether found some footing Wednesday after a sharp decline on Tuesday sent both cryptocurrencies to new lows. Bitcoin bounced back to around $76,100 from a low near $72,870, while ether hovered close to $2,255, according to CoinDesk. The recovery followed a broader market rally sparked by the U.S. House of Representatives passing a government funding bill to end the partial shutdown. https://www.coindesk.com/markets/2026/02/04/crypto-steadies-after-selloff-as-bitcoin-ether-rebound-from-multiyear-lows
4 February 2026
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy on weakness

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Chicago Fed National Activity Index

A surprise around the 0.10 forecast could shift the morning growth narrative and influence Treasury yields and the dollar before the opening bell.

#2

PDD Holdings earnings

The day’s largest scheduled equity report can move PDD and the broader China-internet / e-commerce complex through revenue growth, margins and Temu commentary.

#3

XPeng earnings

Deliveries, margin progression and spending on AI-enabled mobility can affect U.S.-traded Chinese EV names and related technology suppliers.

View full calendar
Times and estimates may change. Verify before trading.