Bitcoin and Gold Outlook: BTC and XAU slide as Fed Chair goes hawkish

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August 28, 2026 · 4:37 PM

Bitcoin and Gold Outlook: BTC and XAU slide as Fed Chair goes hawkish

Bitcoin (BTC) and Gold (XAU/USD) are broadly retreating on Friday as investors reevaluate their positions after recent price gains. Bitcoin approached $81,500 earlier in the day but faced rejection, fueling the ongoing correction.

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