After reading this, I opened the candlestick chart for a look. The price still seems to be digesting the news.
This macro news: Spot gold hit another recent low, and expectations of Fed rate hikes have risen. When policy expectations are tighter, high-valuation assets tend to come under greater pressure; when they ease, the opposite is true.
$BTC
This macro news: Spot gold hit another recent low, and expectations of Fed rate hikes have risen. When policy expectations are tighter, high-valuation assets tend to come under greater pressure; when they ease, the opposite is true.
$BTC