Gold Crash Today to $4,650, Bitcoin Down Today to $81k

Key Takeaways

Gold price today hit a new all-time high of $5,600 but then crashed towards $4,650, recording a huge single-day sell-off.

Gold’s price action in 2026 remains bullish despite the recent market crash, fueled by rumors that Kevin Warsh is tipped to become Fed Chair and by traders taking profits.

Experts predict that metal prices will continue to rally amid political uncertainties and tariff scares, while the prices of cryptocurrency assets remain uncertain.

The price of Gold saw one of the biggest sell-offs in a single day, as the most talked-about metal crashed by over 10% on Friday, January 30, 2026, retesting the key demand zone around $4,650 per ounce. The price of Gold wasn’t the only metal that saw such a huge sell-off in a single day; Silver was also affected. However, its price decline was considerably better than Gold’s.

Silver and Gold prices recorded new all-time highs in the last few days, starting off a weekly price action demonstrated as one of the highest weekly and daily bullish candles as price gained strong volume to the upside, potentially around new historical all-time highs of $5,590 from a region of $4,850 per ounce from previous weeks.

On the other hand, Silver recorded a new all-time high of $120 per ounce before a huge single-day sell-off, wiping out many traders and investors from the market. This crash has also prompted tier B brokers to pause trading in Gold due to extreme market volatility.

What could have caused such a large sell-off in metals and Bitcoin? The crypto asset also declined to $81,000 on the same day.

Gold Crash Today – What Could Have Triggered the Gold and Silver Crash?

The magnitude of the precious metals collapse on Friday has been tagged as one of the worst collapses since 2013 and one to be talked about since the last collapse of 30 years ago as this recent collapse was caused by uncertainties surrounding the new of the U.S. President Donald Trump selected Kevin Warsh, a former Fed governor known for advocating for regime change at the central bank and calling for lower interest rates as the potential next Fed Chair resulting in huge uncertainties.

Additionally, a key reason could be traders and investors taking profits ahead of market close following a strong January 2026 market rally, as the market eyes a weekly and monthly close.

While the market saw a huge dump, metals over the last few weeks have done well, compared to Bitcoin’s price action, as precious metals have outperformed the crypto market, suggesting a huge market rotation into metals as a safe haven.

Why is Bitcoin Down Today

Source – Bitcoin Price Chart from TradingView

The price of Bitcoin over the last few weeks has remained uncertain, as it has struggled to show bullish price action to the upside. Despite a brief upside, the price has continued to decline, with BTC crashing from its previous week’s high of $97,000 to $81,000.

With Bitcoin’s current price action, the market could see further decline towards $76,500, which is a key area of interest for investors and traders looking to buy the crypto asset around that level. A break to the downside could signal more bearish price action. Traders and investors need to exercise caution as BTC trades around the current demand area.

However, for Gold, the current price action remains bullish, as the market is looking to reset and form a strong demand area for traders and investors in the coming weeks before making a strong move to the upside. The recent market crash has not changed the overall market trend and sentiment.

FAQs

Why has the gold rate fallen today?

Gold rate has seen an over 10% crash in the last 24 hours on Friday, January 2026, as the price of the metal fell from its all-time high of $5,590 to $4,650, driven by profit-taking from traders and investors ahead of the new month.

Is the gold price expected to fall?

Following a strong market momentum to the upside, hitting a historical high of $5,590, the price was expected to make a minor retracement towards the key demand zone.

Why is gold going up but not bitcoin?

Microeconomic factors and political uncertainties have acted as catalysts for metals, leading to a huge market rally to the upside, as they have outperformed Bitcoin over the last few months.

Will the price of silver go up or down in 2026?

Silver will continue to see a strong market trend to the upside following the recent rally to $100, price is speculated to be heading towards $135.

How expensive is silver?

Silver’s price at the point of writing this article is trading around $83 and could see a further rally in the coming weeks, with a minor retracement expected for the metal.

Is silver a good investment?

Silver has demonstrated strong price action in 2025, leading into 2026, as uncertainties in global events have helped its price rally towards a milestone of $104.