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Bitcoin Mimics Gold as Fiscal Worries Loom and Fed Uncertainty Caps Upside

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The Story

News Summary

  • Bitcoin behaves increasingly like gold amid US fiscal worries, according to CoinShares.
  • However, conflicting Fed rate expectations, high Treasury yields, and geopolitical oil risks are likely to keep BTC range-bound ahead of upcoming inflation data and the September FOMC meeting.
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XAUUSD price history

4365.00 -8.41% over the displayed period

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