Spot Gold Sees Intraday Drop of Over 9%, Wiping Out Approximately "2 Bitcoins" in Market Value

BlockBeats News, January 30th, according to Bitget market data, spot gold plummeted from a high of $5450 to a low of $4944 intraday, with a market value evaporating by approximately $3.5 trillion at one point, exceeding the total market cap of 2 Bitcoins (currently reported at $1.64 trillion).

In addition, spot silver dropped from a high of $118 to a low of $95.2 intraday, with a market value evaporating by approximately $1.28 trillion at one point, close to the total market cap of 4 Ethereums (currently reported at $327.3 billion, equivalent to approximately 3.91 Ethereums total market cap).