Live markets A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June
News Source : CoinDesk
News Summary
- Fitch says Fed's inflation fight remains intact under new chair Kevin Warsh.
- Bitcoin (BTC) fell about 1% after the Fed's decision Warsh's press conference.
- Bitcoin miner Marathon Digital (MARA) ended the session more than 3% lower.
- SpaceX (SPCX) is down 5.5% shortly before the close of trading, though it is still up 40% from its IPO price of $135.
- The two-year Treasury yield is up 17 basis points to 4.22% as markets quickly price in rate hikes.
Bitcoins riskadjusted return has fallen to a level that has marked every bearmarket bottom of the past decade, the latest onchain reading to point toward accumulation rather than more downside.
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