๐ Bitcoin Bounces Back to $63K as ETF Outflow Streak Snaps After 10 Painful Days
Bitcoin climbed back above $62,900 today after hitting a 21-month low near $58,000 late June โ a rough patch sparked by rate-hike fears and a hot PCE inflation print. The turnaround got a macro boost when Fed Chair Kevin Warsh said "inflation risks have come down," lifting the broader market. Spot Bitcoin ETFs also snapped a brutal 10-day outflow streak with $221.7M in fresh inflows on July 2, though BlackRock's IBIT is still seeing redemptions. Is this the start of a real recovery, or just a relief bounce? Not financial advice.
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