Bitcoin Price Reaction to the 200 Week Moving Average

The week's macro economic data from the US ended with a surprise as the new PC index print shows the economy weathering tighter financial conditions much better than expected. Markets then began to price in a June interest rate hike from the Federal Reserve, which should form a headwind for risk assets but failed to dampen a Bitcoin price rebound. And now let's discuss our next breaking story of the day: Gemini and bankrupt crypto lender Genesis Global have jointly filed for dismissal of the SEC lawsuit.