Bitcoin and gold fall together as a rate-hike bet hits every hedge
Hex37's read
- Bitcoin and gold prices are declining together.
- A relief rally in crypto is ending.
- Traders await US inflation data and hawkish Fed signals.
- Hedge funds are impacted by rate-hike bets.
What it means for traders
- Potential for further downside in BTC and gold as hawkish Fed sentiment grows.
- Risk-off sentiment may lead to decreased liquidity in crypto markets.
Affected markets
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