Finance

Digital assets surrendered earlier weekly gains as tightening monetary policy expectations sparked a broad selloff in risk assets. Bitcoin fell back below the $78,000 threshold and institutional outflows hit spot Bitcoin exchange-traded funds, snapping a multi-day streak of net inflows.

Gold prices experienced a sharp decline of over three percent, ending a three-week upward trajectory. The drop was fueled by a strengthening U.S. dollar and a surge in short-term Treasury yields, which increased the opportunity cost of holding non-yielding safe-haven assets.

Despite a strong earnings performance and an upbeat revenue outlook from chip giant Nvidia, the broader semiconductor sector faced persistent headwinds. The industry saw notable declines from key players like Marvell Technology, highlighting deep-seated market skepticism regarding the valuation and near-term profitability of artificial intelligence assets.