Dr. Copper Meets Bitcoin – When the Economy’s Metal and Crypto Move Together

February 2, 2026

Bitcoin and copper fell together on Jan. 30, extending a pattern where crypto has traded like a macro risk asset. Copper’s retreat from record highs, tariff and China-demand worries, and Fed rates have matched softer on-chain activity, ETF outflows, and fading inflows into Bitcoin amid macro risks.

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