Bitcoin, unusually, outperforms gold as hawkish Fed, oil price fuel risk-off sentiment

Bitcoin fell 2% while gold and silver saw sharper declines as oil prices surged and the Fed flashed hawkish signals. What to know : Bitcoin outperformed gold, falling 1% while the precious metal dropped twice as much to approach bear-market territory. Macro pressures are intensifing as a hawkish Federal Reserve and a spike in oil prices weigh on risk assets and inflation expectations.