Why do gold and silver falling pull Bitcoin down?
- Bitcoin has long been seen as a safe-haven channel alongside gold and silver amid the weakening of the US dollar.
- However, when the Fed takes a hawkish stance, these assets decline across the board.
- Bitcoin is falling along with gold and silver, rather than moving independently as previously expected.
- This indicates a close correlation between Bitcoin and precious metals in the current macroeconomic environment.
#Bitcoin #Gold #Silver #Fed #CryptoNews BinanceSquare
$btc btc
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Source: CoinDesk
- Bitcoin has long been seen as a safe-haven channel alongside gold and silver amid the weakening of the US dollar.
- However, when the Fed takes a hawkish stance, these assets decline across the board.
- Bitcoin is falling along with gold and silver, rather than moving independently as previously expected.
- This indicates a close correlation between Bitcoin and precious metals in the current macroeconomic environment.
#Bitcoin #Gold #Silver #Fed #CryptoNews BinanceSquare
$btc btc
vlikevn Titanbot
Source: CoinDesk