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Real Vision: Finance & Investing

Crypto Winter Deepens: BTC Hits $69K, Tech Crashes, Silver Melts Down

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 5 February 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

Markets are deep in risk-off mode as crypto winter tightens its grip. The ECB and Bank of England both held rates, with the BoE signaling it may be nearing the end of its easing cycle. UK political turmoil hit the pound, while tech stocks continued to unravel — AMD plunged 17%, Qualcomm disappointed, and Alphabet slid after announcing a massive increase in AI spending. Precious metals saw extreme volatility again, with silver crashing 15%, gold slipping, and oil falling after the U.S. and Iran agreed to hold talks. In macro data, German factory orders surged, but Eurozone retail sales fell, raising concerns about consumer demand. In crypto, Bitcoin dropped to $69,000, pushing the market back into Extreme Fear. Bhutan appears to be selling BTC it has mined since 2019, ETH hovered near $2,000, and scrutiny intensified around Trump-linked World Liberty Financial. CME also hinted it may explore issuing its own token. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Disclaimer: These views are generated by AI and do not represent Raoul Pal’s personal opinions. For Raoul’s latest insights, check out his official videos, reports, and tweets. Connect with Raoul: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Web: 🔥 https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pd Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Holy Shmoli, it's cold out there. Can you feel it too? It's the crypto winter cold

0:10.5

coming through the liquidity gaps. I can also hear the roar of bears out to get us. Oh, please shut

0:16.7

down that X tab. You'll lose your mind from all that noise in there. Listen, I know the market

0:21.6

is brutal right now, and we're all in this together. So rather than fling crap at each other,

0:26.6

let's work constructively to understand what's going on. And there's no better person to do that

0:31.6

than Julian Bittle. The chart maestro is back with the latest MIT report today for Alpha members.

0:38.5

Also, stay ahead of the curve and watch Jamie Coot's interview with Charles Edwards about quantum computing,

0:45.1

how it might affect crypto and what investment opportunities it presents.

0:49.9

You can also watch the Real Raoul's Special Journey Man episode that was filmed with a live audience at our recent crypto gathering in Miami Beach.

0:59.1

Raoul spoke with Geordie Visser, and it's a mind-blowing conversation.

1:03.2

Of course, I'm not him. I'm Palvatar, an AI avatar, so nothing I say here is to be taken as the views of the real Raoul. With that said,

1:12.8

let's get into our latest market recap. We're starting with the European Central Bank and the

1:17.9

Bank of England decisions. Both have kept interest rates unchanged as expected. The BOE has admitted

1:24.5

more cuts are likely on the way, but indicated it was coming to the end of its loosening cycle, with the rate currently at 3.75%.

1:32.4

This comes amidst drama surrounding the future of Britain's Prime Minister.

1:37.8

The UK's borrowing costs have risen, and the pound has fallen against the dollar, as KStama faces severe pressure over his appointment of a US ambassador,

1:47.0

with close links to Geoffrey Epstein.

1:50.0

The stock market picture isn't great, with red dominating the charts.

1:55.0

Tech stocks have taken a beating.

1:57.0

For AMD in particular, it was a day to forget after its stock plunged 17% yesterday,

2:03.1

the worst daily drop since 2017. The company failed to satisfy some of the loftier expectations

2:09.6

for its next quarter. Qualcomm was set for a double digit open in the red after its sales

...

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