February 2 News, global market risk appetite has weakened again. Against the backdrop of uncertain artificial intelligence prospects and simultaneous declines in precious metals and cryptocurrencies, major European stock indices are expected to open lower. Data shows that the UK FTSE 100 index may fall about 0.5%, the German DAX index nearly 1%, the French CAC 40 index around 0.8%, and the Italian FTSE MIB index may also experience a similar pullback.
This trend echoes the overnight decline in Asia-Pacific markets, with South Korea’s benchmark index leading regional markets lower. Investors are closely watching the sharp volatility in gold and silver. Last Friday, silver plummeted about 30% in a single day, marking its worst performance since 1980, after having more than doubled in the previous 12 months. Gold also came under pressure, falling about 9%. The rapid correction in precious metals has accelerated funds shifting toward defensive assets.
Weakness in cryptocurrencies has also heightened market unease. Bitcoin dropped below $80,000 on Saturday, hitting a new low since April, indicating that after intense commodity volatility, funds are further reducing risk exposure. U.S. stock index futures also declined overnight Sunday, reflecting cautious sentiment among global investors.
In the technology sector, the focus is on NVIDIA. Reports indicate that the company’s proposed $100 billion investment plan in OpenAI has been put on hold, with executives remaining cautious about the deal’s prospects. This news casts a shadow over the AI boom and also puts related concept stocks under pressure.
In Europe, several key data releases and earnings reports are scheduled for today, including Swiss Julius Baer Group’s earnings, as well as German retail sales and Spain’s new car registration data. If macroeconomic data underperform expectations, it could further amplify selling pressure.
With factors such as “European stock market decline expectations,” “global market risk aversion,” and “Bitcoin and precious metals plummeting” stacking up, short-term market volatility may intensify. Investors are closely assessing new risk boundaries.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cathie Wood: BTC has entered a mature stage; 85%-95% will either experience a deep drop or become a thing of the past
ARK Invest founder Cathie Wood says Bitcoin has entered a mature phase, and that the large drawdowns of the past may be behind us— even a future 50% pullback would be considered progress. She noted that Bitcoin has grown into a mature monetary system and asset class.
GateNews7m ago
BTC is trading in a tight range around $67,000, and SOL futures open interest hits a new two-month high
On April 3, the crypto market continued to trade in choppy conditions. Bitcoin was consolidating around $67,000, maintaining its broader downward trend that began last October. The futures market saw thin trading, with Solana futures open interest hitting a new high, and the volatility index falling to its lowest level since February. Market structure indicates that short positions are increasing.
GateNews1h ago
BTC drops below $65k; the long position liquidation strength will reach $65k. Breaking above $68k, the short position liquidation strength will reach $754 million
According to Coinglass data, if Bitcoin falls below $65k, long positions on major CEXs will be liquidated to the tune of $65k; if it breaks above $68k, short positions will be liquidated to the tune of $754 million. The liquidation chart reflects the strength of the market reaction when price touches a certain level.
GateNews1h ago
Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats
Naoris Protocol launched a quantum-resistant blockchain, designed to secure transactions against future quantum threats. It utilizes post-quantum cryptography and has validated over 100 million transactions, preparing to protect digital assets despite vulnerabilities in existing systems like Bitcoin and Ethereum.
CoinDesk2h ago
Strategy common stock MSTR sees a sharp pullback, while preferred stock STRC still maintains stable returns
The Strategy Company offers two investment options for Bitcoin investors: high-risk, high-reward MSTR common stock and stable-dividend STRC preferred stock. MSTR amplifies price volatility and is suitable for high-risk investors; STRC provides an annualized 11.5% dividend and is suitable for retail investors seeking stability. The choice depends on an individual’s risk tolerance and investment goals.
GateNews2h ago
