🚨🚨🚨Market Summary: February 4, 2026
Global markets are navigating a period of high volatility driven by shifting U.S. monetary policy and a correction in the technology sector.
Equities & Commodities
* U.S. Markets: Wall Street closed sharply lower. The Nasdaq dropped 1.4%, pressured by heavyweights like Microsoft and Nvidia as investors questioned if AI returns justify current valuations. The S&P 500 fell 0.8%.
* Asian Markets: Trading was mixed; Japan’s Nikkei fell nearly 1%, while India's Nifty50 managed a marginal gain of 0.2% despite global headwinds.
* Gold & Silver: Both metals are seeing a strong "safe-haven" rebound after a massive sell-off last week. Gold surged 2.8% to reach $5,070, while Silver jumped nearly 5%.
* Oil: Prices edged higher to approximately $63.60 (WTI) amid renewed U.S.-Iran tensions.
Cryptocurrency
The crypto market is currently consolidating after a sharp dip, with the total market cap sitting around $2.59 trillion.
* Bitcoin (BTC): Stabilized near $76,000 after hitting a low of $73,000 earlier this week. Inflows into Bitcoin ETFs suggest institutional interest is returning at these lower levels.
* Ethereum (ETH): Underperformed compared to Bitcoin, trading around $2,270 (down roughly 24% over the last week).
* Altcoins: Most major assets like Solana and BNB faced double-digit weekly losses, though Tron and Dogecoin showed slight resilience today.
> Key Watch: Investors are focused on the upcoming U.S. jobs report and the potential policy shifts under Fed Chair nominee Kevin Warsh, whose hawkish reputation is buoying the U.S. dollar.
>l$iShares Bitcoin Trust(IBIT)$
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