-
Bitcoin & the Risk-Off Rotation: What Advisors Should Watch
Bitcoin briefly traded down to US$58,000 this week before recovering convincingly, signalling meaningful resistance at the US$60,000 level alongside genuine buyer interest on dips. Two macro forces are weighing on digital assets. The first is an equity-led risk-off rotation: the Morningstar AI Index has fallen 6.1% over the past two days, pushing investors toward the dollar. The move carries a classic risk-off signature, with the Australian, New Zealand and Canadian dollars selling off while the yen held firm. The second is rates: core PCE landed in line at 3.4% in May, but consumer spending came in above ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*IRAN, US OPEN COMMUNICATION LINE TO COORDINATE ON HORMUZ: TV Iran's Press TV: A communication line between the US and Iran in the Strait of Hormuz has been established.
UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS UAE sends an alert saying the situation is now safe. Explosion sounds heard in Dubai News sources report hearing explosion sounds in Dubai. UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
From moneycheck.com | 8 hr ago
Bitcoin tumbled beneath the critical $60,000 threshold on Thursday following the release of the Federal Reserve’s favored inflation indicator, which surged to its most elevated reading since 2023. This downturn followed a particularly volatile period during which BTC plummeted 9% across a mere three-day window, marking its lowest valuation since September ...
