In today’s briefing:
- Crypto Rallies on Peace Not Yet Inked
Crypto Rallies on Peace Not Yet Inked
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Bitcoin closed the week at $64,385, up 4.0%, snapping a four-week losing streak after Trump declared the US-Iran war ended and the BTC ETF outflow streak broke.
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May headline CPI hit 4.2%, the highest reading since April 2023, and PPI surged to 6.5%, but markets shrugged off the in-line CPI print.
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US spot Bitcoin ETFs absorbed $85.85 million on June 12, ending a 5-day outflow streak with BlackRock’s IBIT leading inflows.
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