Risk Aversion Drives Gold and Silver Higher, Bitcoin Falls Below $65,000

BlockBeats News, February 23rd. Driven by risk aversion sentiment in the Asian morning session, the prices of gold and silver rose. According to Bitget data, spot gold rose by 1.00% intraday, now trading at $1,518.75 per ounce. Spot silver rose by 2.72% intraday, now trading at $87.01 per ounce.

As for the U.S. stock market, S&P 500 futures fell by 0.67%, Nasdaq futures fell by 0.87%, and Dow futures fell by 0.56%.

In the crypto sector, the overall trend was bearish. According to HTX market data, Bitcoin dropped below $65,000, with a 5% decrease in the last 24 hours. Ethereum dropped below $1,900, with a decrease of over 6% in the last 24 hours. SOL dropped below $80, with a decrease of over 8% in the last 24 hours. Within the past 1 hour, there was a total of $340 million in liquidations, with long positions contributing $332 million to the liquidations.

Global trade tensions resurfaced. On February 22nd, Trump tweeted, "Yesterday's Supreme Court decision on tariffs was ridiculous and poorly made. I hereby declare that as the President of the United States of America, I will immediately raise the 10% global tariff imposed on many countries to a level of 15%, which is entirely legal and has been legally verified."