
Gold fell more than 20% from its January record high of $5,600 per ounce, trading below its 200-day moving average for the first time since October 2023. A stronger U.S. jobs report raised Fed rate hike expectations, pushing the Dollar Index above 100. The bitcoin-to-gold ratio climbed 3% in 24 hours.
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Bitcoin spikes above $63,700 then dumps
Summary by ByteBrief