Th 18/6 | Daily Crypto & Macro News
Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- The Federal Reserve left interest rates unchanged at 3.50%-3.75%. New Chair Kevin Warsh delivered the first FOMC press conference.
- The bond market now prices in two Fed rate hikes this year (previously expecting cuts), with the median dot plot forecasting one hike. The 2-year Treasury yield rose notably.
- Spot gold dropped more than 2% to around $4,238.85/oz.
- Michael Saylor's Strategy now holds more Bitcoin than BlackRock (846,842 BTC vs 811,291 BTC)…
The skinny
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