[Cryptocurrency Sell-Off Spills Over to Precious Metals, Gold Prices Decline] Jin10 News, February 6 – Under the spillover effect of the cryptocurrency sell-off, gold prices fell during the early Asian trading session. IG Chief Market Analyst Chris Beauchamp pointed out that the cryptocurrency bear market has evolved into a full-blown market collapse. He stated that this broad sell-off is sweeping across various asset classes, with commodities also deeply entrenched in a downward trend. The most severe sell-offs often begin when least expected, but as many have feared, the contagion effect of the cryptocurrency sell-off appears to have spread to other areas of the financial system.