{"id":179306,"date":"2026-06-12T08:32:11","date_gmt":"2026-06-12T08:32:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=179306"},"modified":"2026-06-12T08:32:11","modified_gmt":"2026-06-12T08:32:11","slug":"crypto-news-today-june-12-btc-ranging-between-62k-63k-spacex-futures-surge-ahead-of-ipo-and-japan-crypto-reform-bill-edges-closer","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=179306","title":{"rendered":"Crypto News Today (June 12): BTC Ranging Between $62K-63K, SpaceX Futures Surge Ahead of IPO and Japan Crypto Reform Bill Edges Closer"},"content":{"rendered":"

In crypto news today (June 12), Bitcoin is consolidating between $62,200 and $63,200, up just +0.5% overnight. This move in BTC has traders hoping that a strong support level is forming at $62,000 and could help Bitcoin hold above $60,000. Liquidations have slowed considerably, with just $270M over the past day, down from over $450M yesterday and nearly $2Bn last week.<\/p>\n

Of the other major caps, SOL and XRP have shown strength overnight, up +2.2% and +1.9%, respectively. Trading volume continues to cool, at $79Bn over the past 24 hours, down from $81Bn today, indicating declining trader participation.<\/p>\n\n

With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to just $22M exiting the products yesterday. If outflows continue to slow, and possibly even turn green, this could be the real catalyst behind a larger upside move across crypto.<\/p>\n

Although Bitcoin and the broader market have seemingly settled and ETF outflows have slowed considerably, the Fear & Greed Index is still at 12\/100, or \u2018Extreme Fear\u2019, signaling that investors aren\u2019t fully trusting this positive price action.<\/p>\n

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