Bitcoin's rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks
Bitcoin's recent rebound has been halted as U.S. stock markets experienced a decline, while gold prices surged amid increasing macroeconomic risks. Investors are reacting to concerns over rising interest rates and potential economic slowdowns, leading to a flight to safer assets like gold. Bitcoin, which had shown signs of recovery, is now facing downward pressure as market sentiment shifts. Analysts suggest that the ongoing volatility in traditional markets is impacting cryptocurrency prices, highlighting the interconnectedness of these asset classes.
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