Bitcoin Seen as Rangebound Without Catalyst -- Market Talk
Dow Jones06-17 23:43
1142 ET - Bitfinex calls the recent recovery in bitcoin a "complacency bounce," as it stalled out below $65,000 and looks to remain rangebound until something new happens. Bitcoin has recovered over 13% since finding a low around $59,200, but macroeconomics don't seem to support an extended run in bitcoin, Bitfinex says. "Beneath the price, the market has reset rather than re-accelerated," the firm says. Bitcoin is down 0.8% to $65,208, ahead of the Fed decision this afternoon. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 11:43 ET (15:43 GMT)
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