By Alex Kozul-Wright
The price of Bitcoin has continued to fall even as demand for precious metals has gone the other way.
Bitcoin recovered some ground early Wednesday to trade at $75,796, down 2.9% over the past 24 hours but up from 52-week lows of around $73,000 Tuesday.
Ethereum and XRP were also down by 2% and 1.4%, while crypto exchanges Robinhood and Coinbase edged lower in premarket trading.
Crypto price declines have come as precious metal prices recovered some of their recent losses.
Bitcoin, gold, and silver all fell sharply after President Donald Trump's nomination of Kevin Warsh as the next Fed chair.
But while precious metals have attracted buyers again following the slump, Bitcoin has not.
"Crypto trades continuously, but much of the capital supporting it is still constrained by slow, pre-funded rails, limiting its ability to absorb stress when volatility spikes," says David Mercer, CEO of LMAX Group .
Adding to crypto market unease is uncertainty over U.S. legislators' attempts to establish a regulatory framework for the digital-asset sector, which continues to be kicked into the long grass.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 04, 2026 06:10 ET (11:10 GMT)
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