0128 GMT - Bitcoin falls 0.2% in early Asian trade. The cryptocurrency continues to face pressure from ETF outflows, which had the worst month on record in June, shedding $4.5 billion, Sygnum Bank's Can-Luca Koymen says. However, the investment strategist says its outlook is gradually improving. With oil falling back to pre-war levels, the Fed's hawkish stance has eased, supported by a softer U.S. job market report, he says. Long-term bitcoin holders have also returned to net accumulation. With the asset trading below its 200-day average, Sygnum Bank sees a lower likelihood of continued ETF outflows in July. (jason.chau@wsj.com)
(END) Dow Jones Newswires
July 07, 2026 21:28 ET (01:28 GMT)
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