WS #10859
A broad unwinding of the debasement trade is hitting gold, silver, and bitcoin simultaneously as a hawkish Fed and stronger dollar lift real yields, with bitcoin falling ~50% from its peak to near $58,000.
Debasement trade unwind and crypto selloff
A broad unwinding of the debasement trade is hitting gold, silver, and bitcoin simultaneously as a hawkish Fed and stronger dollar lift real yields, with bitcoin falling ~50% from its peak to near $58,000.