Silver prices have surged to $79 per ounce, reaching overbought levels on the Relative Strength Index (RSI), which has raised macroeconomic concerns. This rally comes as Bitcoin remains in a consolidation phase, suggesting potential capital shifts in the market.
With the Federal Open Market Committee (FOMC) meeting approaching, expectations of rising input costs and potential interest rate hikes are adding downward pressure on Bitcoin. The cryptocurrency faces risks of a flash crash amid these fragile macroeconomic conditions.
Silver Surge Raises Macro Concerns, Bitcoin Faces Flash Crash Risks
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