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Bitcoin dominance rises despite price dip; Morgan Stanley boosts Bitcoin holdings amid market caution

Market News
20 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

Bitcoin's market dominance has increased even as its price dropped to around $63,000, signaling investors are favoring Bitcoin over riskier altcoins during uncertain times. Morgan Stanley's recent purchase of over $270 million in Bitcoin supports the trend of institutional confidence in Bitcoin as a safer asset. However, more than half of Bitcoin's supply is currently held at a loss, a condition often seen near major market bottoms, suggesting potential for further price pressure. For Bitcoin to strengthen its position, it needs to reclaim and hold key resistance levels around $64,000.

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