Gold and silver prices experienced a dramatic crash on February 2, erasing an estimated $4.02 trillion in market value across major exchanges. The decline was driven by CME margin hikes, profit-taking, and a stronger US dollar, highlighting the volatility of traditional metal markets. This significant market adjustment has affected investor sentiment globally, with analysts noting potential long-term economic impacts. The sudden drop has disrupted global markets and investor portfolios, raising questions about financial stability amid shifting Federal Reserve policies. Despite the turmoil in metal markets, no confirmed spillover effects on cryptocurrencies have been reported, keeping digital asset markets stable. Investors remain vigilant for any indirect impacts that might influence crypto valuations.