Topic: #live-news
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Bitcoin and Ether ETFs Post Inflows as Markets Rally Up to 5%
U.S. spot bitcoin ETFs pulled in $181 million on Tuesday while ether funds added $58 million, reversing outflows from the prior session as both asset classes rallied sharply.
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Bitcoin touches $63,882 overnight, retreats as sellers step in
Bitcoin briefly climbed to $63,882 early in the week before reversing to around $62,900 as sellers moved in. A weaker-than-expected jobs report lifted crypto markets, though upcoming CPI data could cap further gains.
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Bitcoin Trading Below $78K Mining Cost, Squeezing Operators
Bitcoin has spent five consecutive months trading below its estimated production cost of $78,000, forcing about 20% of miners into unprofitability and prompting publicly traded operators to sell over 32,000 bitcoin in the first quarter alone.
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Bitcoin holds $63K as SpaceX IPO lifts risk sentiment; BOJ set to hike to 31-year high
Bitcoin trades near $63,000 on June 12 as SpaceX's IPO drives risk-asset appetite, while the Bank of Japan prepares to raise its policy rate to 1% from 0.75% on June 16—the highest level since 1995. A carry-trade unwind could drain global liquidity.
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Bitcoin re-tests $65,300 floor for third time since February
Bitcoin fell to $65,300 overnight before recovering to $67,000 ahead of U.S. stock market open. This marks the third test of the February 6 low since the spring, following successful recoveries in February and March.