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Crypto June 12: SpaceX IPO, BTC nears 64K
On Friday, June 12, the crypto market accelerated its rebound, driven by three forces: falling oil prices after the U.S. president claimed the Iran war had ended, a massive short squeeze and SpaceX's historic Nasdaq debut. Bitcoin rose ~2.5% to ~$63,962 and returned to the $63,000-$65,000 zone, Ethereum +2.3% to ~$1,674 (below $1,700), BNB above $600, XRP +2.7% stopped lagging, Solana +4.2% led large-cap strength, HYPE rebounded +9.1%. Liquidations ~$289.70M; shorts lost ~$164.64M. SpaceX IPO at a $1.77T valuation - SPCX +26.61%. ETF outflows shrank sharply: BTC -$19.03M, ETH -$15.89M, ~$34.9M combined. Fear index in extreme fear zone. Ahead: FOMC and BoJ.