Gold experienced its biggest weekly drop in 15 years; now it's not just retail investors being hit, they're all hanging on trees. Gold is a safe-haven asset and also the most liquid asset. With oil prices rising, everything else is falling, leading to institutional selling to cover losses, and interest rate-sensitive hedge funds also contributing to the selling pressure. If it fails to hold the key support level of 3900-4000, panic selling by retail investors will erupt. $BTC It will have to follow suit.
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