Seize a espresso and settle in—markets are shifting in ways in which depart even seasoned buyers squinting at charts. Gold and silver are surging, crypto is wobbling, and Washington’s coverage performs are stirring uncertainty. However in line with Tom Lee, someplace within the chaos, a turning level could also be quietly forming.
Crypto Information of the Day: Tom Lee Says White Home Entrance-Loading Midterm Wins Is Wrecking Markets
Fundstrat World Advisors’ Tom Lee is sounding a cautious but optimistic be aware for crypto buyers, arguing that latest turbulence in Bitcoin and Ethereum could also be momentary.
Sponsored
Sponsored
Showing on CNBC’s Squawk Field, Lee attributed the early-year surge in gold and silver costs to Washington, D.C.’s coverage maneuvers.
He says the White Home’s performs have briefly “hijacked” danger urge for food, making a “vortex” that drew capital away from crypto regardless of sturdy fundamentals.
Gold spiked to $4,954.99 per ounce, a 6.5% each day soar, whereas silver surged 13.66% to $87.53. This marks the biggest single-day features for each metals because the 2008 monetary disaster.
🚨 WARNING: SOMETHING BIG IS COMING!
GOLD: $4,958
SILVER: $87
That is a 6.5% and 14% pump in ONE day.
It is the BIGGEST each day acquire since 2008.
This can be a WARNING you gotta perceive in case you maintain shares, crypto, or the rest.
Know what occurred in 2008 to each market besides… pic.twitter.com/Rz91UiylyB
— Wimar.X (@DefiWimar) February 3, 2026
Lee tied this frenzy to crypto’s ill-timed deleveraging in October 2025.
“The crypto industry doesn’t have any leverage right now,” he stated. “Gold and silver’s performance sucked all risk appetite towards the precious metals trade.”
Lee additionally highlighted Washington politics as a central driver of market uncertainty. With midterms approaching, he criticized the White Home for “deliberately picking more winners and losers early,” front-loading its agenda and protecting markets “hostage.”
Hypothesis across the subsequent Federal Reserve chair provides additional volatility, with Lee warning that markets will take a look at the appointee’s resolve on coverage and charges, echoing patterns seen with former chairs Janet Yellen and Jerome Powell.
Whereas the consensus expects Republicans to lose the Home, Lee famous {that a} GOP retention might ship a “positive surprise.”
Sponsored
Sponsored
Indicators Level to a Crypto Backside Amid Gold and Silver Frenzy
Regardless of near-term headwinds, Lee sees indicators that crypto could also be bottoming. Fundstrat advisor Tom DeMark believes “time and price” alignment has been reached, with Bitcoin again above $78,000 and Ethereum nearing $2,300.
Bitcoin and Ethereum Worth Efficiency. Supply: TradingView
Lee added that Ethereum’s energetic addresses are “going parabolic,” as Wall Road more and more integrates digital belongings.
“All the pieces are in place for crypto to be bottoming right now,” he stated, contrasting value weak spot with community exercise.
This view aligns with analysts’ notes on potential capital rotation, with some highlighting gold’s 11% rebound from latest lows, including $3.07 trillion, and silver’s 20% surge, reclaiming $800 billion.
Analyst Bull Concept compares this setup to August 2020, when gold topped at $2,075, Bitcoin fell 20%, then rallied 559% over eight months as capital flowed again into danger belongings.
With the ISM Manufacturing Index at 52.6%, the analyst recommended an analogous rotation could also be underway:
“Gold likely topping, and Bitcoin already having corrected, we could now see a rotation into risk-on assets,” they stated.
Sponsored
Sponsored
Nevertheless, not all commentary is bullish. Analyst Wimar.X warns that the metals’ surge indicators a “broken system,” echoing pre-crash situations in 2000, 2007, and 2019.
With the gold-to-silver ratio close to 56, they argued that establishments are “exiting the casino,” probably foreshadowing a 2026 collapse.
Lee, nonetheless, emphasised that the broader financial backdrop stays sturdy. Shares had been up 1% in January, traditionally correlating to 18% annual S&P features in comparable durations since 1950.
At the same time as AI and tech valuations could mean-revert, he sees treasured metals taking a “breather” as wholesome for markets, probably clearing the way in which for crypto’s subsequent transfer.
The query now’s whether or not Washington-driven flows will proceed to favor metals or if Bitcoin and Ethereum are prepared for a rebound.
Chart of the Day
Sponsored
The Gold to Bitcoin dominance ratio compares the market cap of each belongings.
Byte-Sized Alpha
Crypto Equities Pre-Market Overview
FirmShut As of February 2Pre-Market OverviewTechnique (MSTR)$139.66$140.80 (+0.82%)Coinbase (COIN)$187.86$189.53 (+0.89%)Galaxy Digital Holdings (GLXY)$26.44$26.95 (+1.93%)MARA Holdings (MARA)$9.12$9.18 (+0.66%)Riot Platforms (RIOT)$15.32$15.53 (+1.37%)Core Scientific (CORZ)$17.87$18.05 (+1.01%)Crypto equities market open race: Google Finance
