Stock futures fell on Monday as Wall Street begins a new month of trading, with traders keeping an eye on bitcoin after a weekend sell-off. Dow Jones Industrial Average futures lost 48 points, or 0.1%. S&P 500 futures dipped 0.4%, while Nasdaq-100 futures shed 0.7%. Bitcoin dropped below $80,000 for the first time since April, a sign investors were taking more risk off the table following Friday’s sharp declines in gold and silver. Silver, which has more than doubled over the past 12 months, plunged around 30% on Friday. That marked the metal’s worst one-day performance since 1980. Gold also dropped around 9%. The cryptocurrency, as well as the two metals, later came off their respective lows Monday, which helped trim losses in equity futures and ease risk-off sentiment. Bitcoin last traded above $77,000, while spot gold and spot silver were down more than 1% each. However, gold futures and silver futures were higher. Wall Street also turned its attention to Nvidia as questions over the artificial intelligence loomed. The Wall Street Journal reported, citing people familiar with the matter, that Nvidia’s plans to pour $100 billion into OpenAI had stalled, with chipmaker execs expressing doubt about the deal. Nvidia shares were down more than 1% in the premarket. More than 100 S&P 500 companies are due to report this week, including Amazon and Alphabet. The overall reporting season has been strong thus far, but there have been some high-profile post-earnings sell-offs, including Microsoft. Nonetheless, Deutsche Bank strategists noted this weekend that earnings growth is on track to be the strongest in four years. On Monday, Disney reported earnings that beat analyst expectations. Wall Street is also awaiting the release of the January U.S. jobs report, due Friday morning. Economists polled by Dow Jones expect 55,000 jobs were added last month. Stocks are coming off a losing session, with the major benchmarks falling after President Donald Trump named Kevin Warsh as his nominee for Federal Reserve chairman. If confirmed, Warsh would replace Jerome Powell later this year. U.S. Treasury yields were little changed on Monday as market watchers continued to weigh the impact of President Donald Trump naming Kevin Warsh as his pick to be the next Federal Reserve chair. The 10-year Treasury yield fell less than 1 basis point to 4.236%, as did the 2-year Treasury note yield to 3.524%. Meanwhile, the 30-year Treasury yield also fell less than a basis point to 4.87%. South Korean benchmarks tumbled Monday, leading wider declines in the region as investors assessed private data for China’s factory activity in January, while gold extended losses from Friday. The Kospi index fell more than 5% to 4,949.67, while the Kospi 200 futures dropped as much as 5%, prompting authorities to temporarily halt trading, according to an official note. The small-cap Kosdaq lost 4.44% to end the trading day at 1,098.36. Japan’s Nikkei 225 declined 1.25% to 52,655.18 while the Topix was 0.85% lower at 3,536.13. Hong Kong Hang Seng index declined 2.32%, while the mainland CSI 300 was down 2.13% to 4,605.98. Australia’s S&P/ASX 200 declined 1.02% to 8,778.6. Oil prices fell nearly 5% on Monday, heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump ⁠said Iran was “seriously talking” with Washington, signaling de-escalation with an OPEC member. Brent crude futures were ‍down $3.20, or 4.6%, at $66.12 per barrel. U.S. West Texas Intermediate crude fell $3.21, or 4.9%, to $62 per barrel. Both contracts are dropping sharply from multi-month highs as risks of a military ‌strike ‌receded after Trump’s weekend comments. Gold and silver rebounded on Monday, regaining ground after a major selloff at the end of last week. Gold futures added more than 1% on Monday to $4,782. The yellow metal dropped nearly 10% on Friday, sending prices below the $5,000 an ounce mark. Silver futures rose more than 5% to $82.89. Silver, which had surged alongside gold on safe haven demand and speculative inflows, dove 30% on Friday for its worst day since March 1980. The CME Group increased margin requirements following the steep sell-off last week, effective Monday after market close. Margins on COMEX gold futures have been raised to 8% from 6%, while those on the COMEX 5,000-ounce silver futures were lifted to 15% from 11%.