Bitcoin Higher as ETF Outflows Slow -- Market Talk
Dow Jones06-12 23:26
1126 ET - Bitcoin is up 0.6% to $63,715, building on Thursday's move higher. While money is still coming out of ETFs, data from CoinGlass shows outflows slowed to $22.5 million yesterday. Overall, markets continue to watch for progress toward a U.S./Iran deal, but the bigger economic picture remains tough for bitcoin and cryptocurrencies, says Colin Basco of Coinbase Institutional in a note. "This is precisely the regime crypto struggles with," he says. "Firmer rate pressure, a stronger dollar, and reduced appetite for speculative duration all weigh directly on it." (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 11:26 ET (15:26 GMT)
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