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Bitcoin drops to one-week low as retail buys gold at highest prices since June

Cointelegraph·August 11, 2026·1 min read
Bitcoin drops to one-week low as retail buys gold at highest prices since June

Bitcoin dropped to a one-week low ahead of US CPI data, while retail investors piled into gold ETFs. XAU/USD hit its highest levels in nine weeks. The price action shows a shift in investor sentiment as gold gains appeal over BTC amid economic uncertainty.

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