SpaceX · Japan · Bitcoin · Bitcoin ETF · 99Bitcoins
Crypto News Today (June 12): BTC Ranging Between $62K-63K, SpaceX Futures Surge Ahead of IPO and Japan Crypto Reform Bill
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In crypto news today (June 12), Bitcoin is consolidating between $62,200 and $63,200, up +0.5% overnight.
Key facts
- With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to $22M exiting the products yesterday
- In crypto news today (June 12), Bitcoin is consolidating between $62,200 and $63,200, up +0.5% overnight
- Liquidations have slowed considerably, with $270M over the past day, down from over $450M yesterday and nearly $2Bn last week
- Investor demand has now exceeded $250Bn for a total offering size of $75Bn
Summary
Of the other major caps, SOL and XRP have shown strength overnight, up +2.2% and +1.9%, respectively. With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to $22M exiting the products yesterday. Although Bitcoin and the broader market have seemingly settled and ETF outflows have slowed considerably, the Fear & Greed Index is still at 12/100, or ‘Extreme Fear’, signaling that investors aren’t fully trusting this positive price action. Crypto traders are already treating SpaceX as if it were a publicly listed asset, even before the company begins trading publicly.