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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)
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From investinglive.com | 2 hr 18 min ago
Bitcoin has spent today's session chopping around the $60,000 level, trading between a low of $58,241 and a high of $60,656. Yesterday's low of $58,035 was the weakest level since September 17, 2024. From a technical perspective, the recent slide has pushed the price below its 200-week moving average, currently at $62,446. Over the previous four weeks, ...
