Bitcoin and gold fall together as a rate-hike bet hits every hedge

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin and gold fall together as a rate-hike bet hits every hedge The relief rally that lifted crypto off last week s lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish. By Shaurya Malwa | Edited by Omkar Godbole Updated Jun 10, 2026, 5:28 a.m. Published Jun 10, 2026, 5:22 a.m. 2 min read Make preferred on What to know : Bitcoin and gold are falling together as expectations for higher interest rates sap demand for non-yielding assets, with bitcoin down nearly 7% on the week and gold slipping below $4,200 an ounce. The latest crypto pullback appears driven by a short squeeze rather than fresh buying, as more than $500 million in bearish bets were liquidated and spot demand, including from U.S. bitcoin ETFs, has yet to return meaningfully. Traders are watching Wednesday’s U.S. inflation report and its implications for Federal Reserve policy, as a hotter reading could keep rates elevated, pressure risk assets further and weaken bitcoin’s case as a macro hedge if gold stabilizes while it continues to slide. Bitcoin s BTC $ 62,194.32 bounce from last week s low is rolling over, and gold is going down with it.