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Bitcoin Plummets While Stocks Struggle Amid Geopolitical Tensions

KVIA•Tuesday, February 3, 2026 at 8:01 PM•CNN Newsource

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Market sentiment turned sour as Bitcoin fell to its lowest point since November 2024, dropping nearly 7% to just below $73,000 before a slight rebound. The Dow Jones Industrial Average decreased by 360 points, while the S&P 500 and Nasdaq also faced declines, particularly in tech stocks like Microsoft and Amazon. Investors are increasingly concerned about the profitability of AI investments, especially after Microsoft reported disappointing cloud sales. Amid this volatility, gold and silver prices surged, indicating a shift in investor confidence towards traditional safe-haven assets. The ongoing geopolitical tensions, highlighted by the U.S. shooting down an Iranian drone, further exacerbated market fears.

Key Details: • Bitcoin fell to just below $73,000, down 41% from its October peak of over $126,000. • The Dow dropped 360 points (0.73%), S&P 500 fell 1.25%, and Nasdaq declined 2%. • Gold futures rose 6.8% to $4,967 per ounce, while silver surged 10% to approximately $84.78 per ounce. • The VIX, a measure of market volatility, increased by 19%, indicating heightened market fears. • Oil prices also rose amid escalating tensions, with Brent crude up to $67.56 a barrel.

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