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Safe Havens Crashing Together
Description
Gold, silver, and Bitcoin are all crashing together — gold and silver below $4K, Bitcoin near $58K — as the old “safe haven” playbook unravels. With the Fed turning hawkish and the dollar strengthening, non-yielding assets like these become less attractive, hitting a double whammy. Bitcoin, once a laggard, is now syncing with gold and silver on the downside — suggesting its hedge against currency debasement is fading — though it’s still outperforming both since February, showing hidden resilience.
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