BTC and ETH ETF outflows accompany sharp crypto liquidations, Alan Rogers notes

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4 hours ago

BTC and ETH ETF outflows accompany sharp crypto liquidations, Alan Rogers notes — Bitcoin falls, crypto sees liquidations

Alan Rogers provides a snapshot of the current crypto market, highlighting a significant liquidation event with over $173 million liquidated across digital assets in a single hour.

Market data shows Bitcoin slipping below $63,000 and Ethereum trading at $1,810, as ETF flows record outflows of $68.18 million for BTC and $66.04 million for ETH as of June 22. XRP sees modest inflows of $5.31 million. The overall crypto market capitalization stands at $2.24 trillion. Additionally, Deutsche Bank has raised its gold price target to $4,300 for Q3 and set a further target of $4,800.

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Rogers recently reported that Bitcoin, Ethereum, Solana and XRP ETFs saw net inflows in U.S. markets as Bitmine added 20,000 ETH via FalconX, according to a previous article. In a separate note, he highlighted Elon Musk's net worth rising above Bitcoin's market cap as SpaceX approached a $2.9 trillion valuation, coming within $100 billion of Microsoft’s size earlier this year. These developments offer context for the latest shifts in digital asset prices.

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