Bitcoin drifts back under $65,000 for the first time in more than a month
Publishing timestamp: 2024-06-18 12:35:09
Summary
Bitcoin and other cryptocurrencies fell amid concerns about the global economy and lower summer liquidity. Traders are selling off to minimize losses or exit risky positions due to economic weakness and geopolitical issues. Bitcoin has been struggling to break the $70,000 threshold and is down for the month and quarter. On-chain data suggests little evidence of bullish momentum.
Sentiment: NEGATIVE
Tickers: COIN, XRP.CM=, BTC.CM=, DOGE.CM=, SOL.CM=, MSTR, ETH.CM=,
Keywords: business news, united states, investment strategy, microstrategy inc, ethereum/usd coin metrics, technology, solana/usd coin metrics, breaking news: markets, markets, dogecoin/usd coin metrics, cryptocurrency, coinbase global inc, ripple/usd coin metrics, breaking news: investing, bitcoin/usd coin metrics,
Source: https://www.cnbc.com/2024/06/18/crypto-market-today.html