Wall Street investors pulled back from Bitcoin and silver as prices dropped on Thursday. Bitcoin briefly fell below $70,000, while silver prices fell 16%. Bitcoin rebounded slightly before falling again, while silver briefly bounced back but couldn’t sustain it, down 13% to $76.34 at 7:45 am.

Silver, which had seen record-breaking gains recently, is now down nearly 35% from a week ago. Analysts attribute the sell-off to speculative investors driving up prices artificially. Bitcoin’s drop has been ongoing since reaching above $126,000 in October, with ETFs and digital asset Treasuries backing away.

Both market hedges are retreating amid Wall Street volatility. The Nasdaq fell nearly 4% in the past five days, while the S&P 500 is down a little over 1%. Futures indicate a continued selloff on Thursday, with all major market indices set to open lower, Nasdaq tracking for a nearly 1% drop.

Read more at Yahoo Finance: Silver and Bitcoin prices continues to plunge on Thursday