Bitcoin price slightly decreases to $65,764.8, altcoins mixed movements, uncertain market

From Investing.com: 2024-06-17 06:39:25

Bitcoin price slightly decreased on Monday after a weekend of gains, now at $65,764.8. Following the Fed’s decision to only project one rate cut for 2024, Bitcoin has faced pressure from risk-driven assets as higher rates hinder crypto liquidity and boost USD strength.

Altcoins also saw mixed movement with Ether down 0.37% at $3,496.77, ADA down nearly 1%, XRP up 2.3%, and SOL up 1.4%. U.S. SEC Chair Gensler expects ETFs trading Ether to be approved this summer. Market remains uncertain as Bitcoin continues to slide after the Fed’s decision.

Read more at Investing.com: Edges below $66k as crypto market mixed By Investing.com