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Bitcoin and major cryptos dip as 'Extreme Fear' grips market; key $64K support level critical for next move

Market News
16 Jun 2026
Benzinga
View Source
Bearish
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Leading cryptocurrencies including Bitcoin, Ethereum, XRP, and Dogecoin fell as investors took profits, with Bitcoin dropping back into the $65,000 range after nearing $67,000. Over $340 million was liquidated in 24 hours, reflecting high market volatility and 'Extreme Fear' sentiment. Analyst Michaël van de Poppe highlighted $64,000 as a crucial support level for Bitcoin; holding above it could lead to gains toward $74,000-$79,000, while failing it may trigger new lows. The overall crypto market cap slipped slightly to $2.25 trillion amid mixed stock market performance.

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Bitcoin surges past $65,000 on eased Middle East tensions and strong whale buying

Bitcoin surges past $65,000 on eased Middle East tensions and strong whale buying

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Neutral
10 hours ago
Blackrock's Rick Rieder expects bitcoin to rise significantly despite recent drops.

Blackrock's Rick Rieder expects bitcoin to rise significantly despite recent drops.

Rick Rieder, Blackrock's CIO of Global Fixed Income, stated on June 15, 2026, that he believes bitcoin will go "considerably higher" over the long term despite its recent price drop of about 50% from its peak. Blackrock maintains a moderate bitcoin e...

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11 hours ago
Bitcoin and major cryptos pull back 2% as investors await Fed rate decision amid mixed ETF flows.

Bitcoin and major cryptos pull back 2% as investors await Fed rate decision amid mixed ETF flows.

Bitcoin, Ethereum, XRP, and Dogecoin dropped about 2% as markets anticipate the Federal Reserve's upcoming interest rate decision. Bitcoin remains above $65,000 despite a Bank of Japan rate hike tightening global liquidity. Data shows over 100,000 tr...

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Neutral
11 hours ago
BlackRock sees strong long-term potential in Bitcoin despite competition and recent outflows

BlackRock sees strong long-term potential in Bitcoin despite competition and recent outflows

BlackRock CIO Rick Rieder remains optimistic about Bitcoin's long-term growth potential despite competition from AI stocks, income-focused investments, and credit markets. He highlighted that Bitcoin is competing for investor capital with fast-growin...

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