Bitcoin (CRYPTO: BTC) has found fresh lows around $73,000, despite gold and silver rebounding 5% each on Tuesday.
The Precious Metals Recovery
Gold posted its largest single-day gain since November 2008, rebounding from a two-day collapse that saw prices plunge from record highs above $5,600 to as low as $4,405 on Monday.
Silver’s move was even more dramatic, jumping as high as 15% intraday after suffering a historic 27% crash on Friday followed by another 6% drop Monday.
The initial selloff started when President Trump nominated Kevin Warsh as the next Fed Chair—a pick seen as more hawkish than expected.
While investors still expect rate cuts, they anticipate tighter balance-sheet policy.
Adding pressure, the BLS delayed its January jobs report …