Weekend Quick Look » Cryptocurrency Market Index Returns to Extreme Fear! Funds Shift to Silver, US Stocks Close with Divergence

The crypto market is led by BTC, struggling to stabilize above the $90,000 mark, with blockchain concept stocks plunging; meanwhile, precious metals are experiencing a bull market, with silver breaking into double digits, and other US stock sectors showing mixed gains.
(Previous summary: Trump no longer tariffs 8 NATO countries: Greenland agreement reached, Bitcoin back above $90,000, US stock four major indices rise together)
(Additional background: NYSE announces development of a “Tokenized Trading Platform”! Supporting 24/7 US stock trading, leading the industry toward full on-chain integration)

US stocks are experiencing a major capital shift, as President Trump temporarily cancels plans to impose tariffs on eight European countries starting February, easing trade tensions.

• The Dow Jones Industrial Average ultimately fell 285.30 points (-0.58%) to close at 49,098.71 points
• The S&P 500 slightly rose 2.26 points (+0.03%) to 6,915.61 points
• The Nasdaq Composite climbed 65.22 points (+0.28%) to 23,501.24 points

However, market risk aversion has not fully dissipated, with blockchain concept stocks plunging and precious metals leading the rally.

Three major indices show consecutive weekly declines

This week, Trump initially increased volatility with issues related to Greenland and threats of tariffs on Europe, but a sudden change in attitude on Friday eased intra-day selling pressure.

All three major indices ended the week in the red, with the Dow and S&P 500 both declining for two consecutive weeks.

In individual stocks, Intel’s poor earnings forecast caused a 17% plunge, dragging the Dow down by over 100 points; Intel rose 1.5%, Microsoft gained 3.28%, supporting the tech heavyweight sector.

Blockchain stocks continue to fall, silver breaks through $103

According to Alternative data, today’s cryptocurrency fear and greed index is at 25 (yesterday 24), with last week’s average at 50, indicating the weekend may have been in the “extreme fear” zone.

Bitcoin, regarded as “digital gold,” shows weak performance in 2026, with related stocks continuing to face selling pressure.

• MSTR dropped 7.8%
• Coinbase declined about 5.5%
• Circle (CRCL) fell 7.5%

Conversely, precious metals assets remain strong.

• Spot silver surged 7.34% at one point, reaching $103 per ounce
• Gold prices have increased by a cumulative 141.3% this year

The US dollar index fell from 108.5 to 98, and combined with AI and green energy industries boosting industrial metal demand, this has fueled buying in precious metals.

Sector divergence is also reflected in commodities and tech hardware chains. Market funds are gradually shifting toward metals and energy with tangible inventories and industry demand support. Looking ahead, if blockchain-related legislation (such as the CLARITY Act) remains unclear, crypto concept stocks may continue to be under pressure.