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)