Bitcoin price hovering around $65k amid economic concerns, facing resistance at $69,500 and support at $65,000

From Investing.com: 2024-06-19 05:33:45

Bitcoin price dropped slightly amid global economic concerns, trading 0.5% lower at $65,217.0. Federal Reserve outlook on inflation dampens enthusiasm for cryptocurrency market. U.S. consumer data reflects impact of elevated interest rates. Bitcoin could rebound to $67,000, facing resistance at $69,500 and crucial support at $65,000.

Ether price rose 2.4% to $3,547.25 on news of SEC dropping investigation. Consensys confirms no charges against ETH sales, a major win for Ethereum. Other cryptocurrencies see moderate gains except for Solana, which fell over 3%.

Financial advisors slow to adopt bitcoin ETFs, with self-directed investors leading purchases. Hedge funds and brokerages also buying, but registered investment advisors remain cautious. Potential liquidation of $9.26 billion in shorts could lead to price surge.

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