US economy makes all markets collapse, not just crypto?

Jakarta, Pintu News – Global financial markets came under simultaneous pressure this week: stocks, commodities, and crypto markets were all sold off heavily. Bitcoin (BTC) led the slide in risk assets, while gold and silver recorded their deepest weekly declines in months.

Correlations that used to offset each other are now moving in the same direction, signaling a broader problem than just sentiment towards one asset class. This turmoil points to one main explanation: a liquidity shock stemming from the dynamics of the United States economy, not a failure of cryptocurrencies themselves.

Liquidity dries up, all assets become sources of funds

Under normal market conditions, when crypto assets are depressed, part of the capital usually moves to gold or cash instruments. This time, this pattern did not appear, as investors chose to sell almost all assets that are still liquid.

Bitcoin (BTC), gold, and silver have all corrected sharply, indicating an aggressive leverage unwinding process. The selling pressure was mechanical: assets were sold to meet margin calls, not because investors suddenly “didn’t believe” in crypto or precious metals anymore.

When leverage is forced to be reduced, market participants tend to offload instruments that are most easily converted into cash. Large, liquid assets automatically become prime targets, ranging from stock indices, gold, silver, to major tokens in the cryptocurrency market.

This pattern explains why normally diversified portfolios seem to collapse together. It’s not neat portfolio rotation, but massive de-risking across the risky asset spectrum.

Read also: Antam Gold Price 10 Gram Today, February 6, 2026

Fed Maneuvers and Confusing Labor Data

Behind this turbulence lies confusion over the direction of US monetary policy. The Federal Reserve stopped quantitative tightening (QT) in December and started buying short-term Treasury bills to stabilize bank reserves.

Technically, the move stopped the drying up of liquidity in the financial system and kept the interbank funding “pipeline” flowing. However, the market viewed this policy more as a signal of latent stress in the system, rather than a risk-on stimulus.

Nor did it necessarily lower long-term interest rates, mortgage rates, or corporate borrowing costs, so financial conditions remained tight. At the same time, US labor data added to the uncertainty: job openings declined, hiring slowed, layoffs increased, and consumer confidence fell to its lowest level since 2014.

Read also: Has the Gold Price Ever Fallen Drastically?

But unemployment has not surged, and inflation has not fallen enough to justify a major interest rate cut. As a result, the market is caught between a weakening growth outlook and a monetary policy that remains suppressive.

Why are Gold and Crypto Falling Together?

Gold and silver fell despite increased uncertainty, as both had rallied strongly earlier and are now easy sources of liquidity. Investors in need of cash tend to offload assets with the largest unrealized gains.

At the same time, the strengthening of the US dollar and high real yields reduce the short-term appeal of the precious metal. This combination of factors temporarily shifts gold’s function as a short-term “safe haven”, although its role as a long-term hedge has not changed.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Mohammad Shahid/BeInCrypto. US Economy is Crashing Every Market, And It’s Not a Crypto Problem. Accessed February 6, 2026.
• Featured Image: Watcher Guru