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Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000 - TL;DR CNBC

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: COINRIOTETH.CM=MSTRMARABTC.CM=.DJI

Keywords: bitcoinmarathon digital holdings incethereum/usd coin metricscoinbase global incdow jones industrial averagebreaking news: investingtechnologyriot platforms incinvestment strategybusiness newsmarketscryptocurrencybreaking news: marketsbitcoin/usd coin metricsmicrostrategy inc

Source: https://www.cnbc.com/2024/06/11/cryptocurrencies-fall-as-investors-await-fed-decision-bitcoin-dips-under-67000.html


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