Gold crashes to $5,100 as Bitcoin tumbles back to $80,000

Gold plunged $300 in just two hours, breaking back below $5,200 an ounce. It’s now sitting at $5,100, with volatility matching 2008 levels.
Bitcoin dropped over 6% in the last 24 hours, now hovering at $80,477, wiping out nearly $5 billion in open interest just today.
Ethereum, Solana, XRP, and BNB all sank 5–8%, while memecoins and AI tokens took double-digit hits, with HYPE down 8.5%.