The Metals is trading 4.2% down at $4.04 as negative crypto sentiment and cautious equity markets weigh on risk assets.
- Broader markets are trending lower, with the Nasdaq Composite down 0.88% and the S&P 500 down 0.36%.
- Bitcoin and Ethereum have each fallen between 2.5–2.9%, creating significant headwinds for crypto-related equities.
- The move occurs in the absence of company-specific news or earnings, suggesting the decline is driven by macro sentiment.