The Bitcoin price steadied near $60,000 on June 26, flat on the day but down about 7% on the week, as a hawkish Fed and steady ETF outflows weighed.
Key Facts
Bitcoin steadied near $60,000 on June 26 — little changed on the day after a punishing week.
It was down about 7% on the week — its worst weekly run in three, having printed a 21-month low near $58,100.
A hawkish Fed is the weight — rate-hike fears after the latest inflation data have lifted the dollar and yields, a headwind for crypto.
ETF outflows keep draining — spot Bitcoin funds saw a seventh straight week of withdrawals, about $1.35 billion this week.
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