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Bitcoin Clings To $64K As Four Major Market Catalysts Loom
Bitcoin traded near $64,217 on June 22 as four macroeconomic and geopolitical catalysts lined up to test the range that has held since mid-June. U.S. spot Bitcoin ETFs recorded $6.35 billion in net outflows over the latest 30-day window, according to Galaxy Research, the largest such monthly drain in the firm’s tracked data. PCE and GDP Data Anchor The Macro Calendar: The May Personal Consumption Expenditures report, due June 26, is the Federal Reserve’s preferred inflation gauge and the single most important data point for rate-cut expectations this summer. A hotter reading would reduce bets on near-term easing ... (full story)
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