Gold and silver have both plunged—this is an unusual signal. Usually, people buy gold as a safe haven. This time, the crash either means a huge wave of money is flowing back into the dollar, or investors think U.S. stocks still have another rally in them. The spillover from this safe-haven money makes it highly likely that BTC will get dragged down in the short term. Don’t rush to buy the dip.

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$BTC