On June 12, the cryptocurrency market experienced a modest recovery of 1.7%, bringing the total market capitalization to $2.25 trillion following a challenging week that saw a decline of $280 billion. Bitcoin fluctuated below $60,000 before regaining ground to reach $63,000. Meanwhile, spot ETF outflows have exceeded $1.75 billion since mid-May, contributing to ongoing market volatility. The Fear and Greed Index remained at a low of 12 for the second consecutive day, indicating persistent market apprehension among investors.
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