Australian shares are poised to open flat as US stocks slid on the prospect of a full point rate rise after June’s shock CPI report. Follow updates here.
With bitcoin down over 70 per cent from its November all-time highs, experts search for signs of a bottom as the staunchest of long-term holders are feeling pressured to halt their selling.
“There is an increased probability that a long-term holder capitulation is underway,” the crypto research firm’s analysts wrote in a report. “In other words, for a bear market to reach an ultimate floor, the share of coins held at a loss should transfer primarily to those who are the least sensitive to price, and with the highest conviction.”
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