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308 Why a selloff in gold and silver is dragging bitcoin down

CoinDesk
Shaurya Malwa @ CoinDesk · 06/27/2026 14:11 EDT

Why a selloff in gold and silver is dragging bitcoin down

Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.

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