Bitcoin braces for CPI, FOMC as exchanges shed $1.2B of BTC in a day

BTC price action may not inspire hodlers into a new U.S. macro data deluge, but behind the scenes, appetite for Bitcoin is alive and well.

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Bitcoin (BTC) returned to circle $67,500 on June 12 after a cross-crypto rout sparked large exchange withdrawals.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action steadying as markets braced for United States macroeconomic events.

Bitcoin had fallen to $66,000 the day prior in a cascade, which sparked long liquidations totaling over $50 million, per data from monitoring resource CoinGlass.

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