Bitcoin Falls With Gold and Silver as Fed Hawkishness Unwinds Hedge Trade

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Bitcoin is declining alongside gold and silver as a broader market selloff hits traditional safe-haven assets. The cryptocurrency had long been grouped with precious metals as a hedge against a weakening US dollar. A more hawkish stance from the Federal Reserve has prompted investors to unwind that trade. As gold and silver retreat under pressure from the Fed's signals, bitcoin is following suit, undermining its perceived role as a dollar hedge.

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