Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000
Publishing timestamp: 2024-06-11 13:35:56
Summary
Cryptocurrencies, including bitcoin and ether, slumped as bitcoin dropped more than 4% and ether fell 6.1%. The market saw long liquidations and concerns about the Federal Reserve's interest rate decision. Stock market sell-offs also impacted crypto assets. Market is uncertain about Fed's plans and ongoing "malaise" persists. SEC's embrace of ether ETFs could benefit Coinbase. Bitcoin miners face challenges in the near term according to JPMorgan.
Sentiment: MIXED
Tickers: COIN, RIOT, ETH.CM=, MSTR, MARA, BTC.CM=, .DJI,
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