Burry said crypto losses may have forced institutions to liquidate precious metals as bitcoin slid below $73,000.
Bitcoin failing to bounce soon could set the stage for "one hell of a year," one analyst said.
The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined.
An unrelenting plunge in crypto prices on Tuesday has paused after the U.S. House very narrowly passed a funding package that will now head to the president's desk for signature.
XRP fell alongside a broad risk-off move in crypto that pressured majors and high-beta tokens alike.
CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the "HODLing" philosophy.
Major declines in artificial-intelligence-linked stocks, software names and private equity are leading U.S. indices lower.
“I think crypto starts to become invisibly more part of everyone's lives," said Tom Lee — the two appeared on a panel together Tuesday morning at the Ondo Summit in
Analyst Kendrick Geoffrey trimmed his 2026 SOL forecast to $250 from $310, but says stablecoin micropayments could drive a longer-term surge as Solana moves beyond memecoins.
Silver is higher by nearly 15% on Tuesday, while gold is nearing $5,000 per ounce after a 6.5% gain.