Bitcoin Slips to Near 62800 After US May PPI Hits 6.5 Percent and Spot ETF Outflows Reach 214 Million
Bitcoin dipped after the US May Producer Price Index rose 6.5 percent year over year, above the 6.4 percent forecast, with core PPI at 4.9 percent. BTC fell about 0.5 percent and traded near 62800 after briefly touching 63150. Spot bitcoin ETFs saw a combined net outflow of 214 million on the day.