# Bitcoin Falls With Gold and Silver as the Hawkish Fed Unwinds the Hedge Trade

The asset long promoted as an alternative to gold is falling alongside the metals it was meant to rival, on track for a second straight quarterly loss.

- Published: 2026-06-28T10:27:45.329Z
- Canonical: https://polylog.news/crypto/2026-06-28/bitcoin-falls-with-gold-and-silver-as-the-hawkish-fed-unwind
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/06/27/why-a-selloff-in-gold-and-silver-is-dragging-bitcoin-down), [CoinDesk](https://www.coindesk.com/markets/2026/06/28/bitcoin-falls-below-usd60-000-on-track-for-a-rare-back-to-back-quarterly-loss)

Bitcoin is trading below $60,000 and is on course for a second consecutive quarterly loss, an unusual back-to-back decline that goes against the asset's typical first-half pattern, CoinDesk reported. The token is down close to 7% over the w…

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