Bitcoin Rises; Nerm Term Direction Appears Uncertain -- Market Talk

Dow Jones11:24

0324 GMT - Bitcoin rises 0.3% to $63,507.18 in early trade. Prices have stabilized after a brief slip below the $60,000 level earlier this year, Forex.com market analyst David Scutt says in a commentary. Bitcoin's selloff since early June has shown an unusually strong correlation with gold's decline. Scutt attributes the rout to investors selling assets to raise liquidity for SpaceX's IPO. "If liquidity was raised by selling Bitcoin, some of that capital could quickly find its way back once the dust settles," he suggests. While the near-term price direction is uncertain, Scutt says he is watching the $64,000 level as a move above it may encourage bullish momentum. However, a drop below $61,000 could cause bearish sentiment to intensify, he adds. (jason.chau@wsj.com)

(END) Dow Jones Newswires

June 11, 2026 23:24 ET (03:24 GMT)

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Scutt attributes the rout to investors selling assets to raise liquidity for SpaceX's IPO. \"If liquidity was raised by selling Bitcoin, some of that capital could quickly find its way back once the dust settles,\" he suggests. While the near-term price direction is uncertain, Scutt says he is watching the $64,000 level as a move above it may encourage bullish momentum. However, a drop below $61,000 could cause bearish sentiment to intensify, he adds. 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Prices have stabilized after a brief slip below the $60,000 level earlier this year, Forex.com market analyst David Scutt says in a commentary. Bitcoin's selloff since early June has shown an unusually strong correlation with gold's decline. Scutt attributes the rout to investors selling assets to raise liquidity for SpaceX's IPO. \"If liquidity was raised by selling Bitcoin, some of that capital could quickly find its way back once the dust settles,\" he suggests. While the near-term price direction is uncertain, Scutt says he is watching the $64,000 level as a move above it may encourage bullish momentum. However, a drop below $61,000 could cause bearish sentiment to intensify, he adds. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2026 23:24 ET (03:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITI","symbol_name":"1倍做空比特币期货ETF-Proshares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642599312","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642599312","pubTimestamp":1781234640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0324 GMT - Bitcoin rises 0.3% to $63,507.18 in early trade. 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Prices have stabilized after a brief slip below the $60,000 level earlier this year, Forex.com market analyst David Scutt says in a commentary. Bitcoin's selloff since early June has shown an unusually strong correlation with gold's decline. Scutt attributes the rout to investors selling assets to raise liquidity for SpaceX's IPO. \"If liquidity was raised by selling Bitcoin, some of that capital could quickly find its way back once the dust settles,\" he suggests. While the near-term price direction is uncertain, Scutt says he is watching the $64,000 level as a move above it may encourage bullish momentum. However, a drop below $61,000 could cause bearish sentiment to intensify, he adds. 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