In crypto information at the moment (June 12), Bitcoin is consolidating between $62,200 and $63,200, up simply +0.5% in a single day. This transfer in BTC has merchants hoping {that a} sturdy help stage is forming at $62,000 and will assist Bitcoin maintain above $60,000. Liquidations have slowed significantly, with simply $270M over the previous day, down from over $450M yesterday and almost $2Bn final week.
Of the opposite main caps, SOL and XRP have proven power in a single day, up +2.2% and +1.9%, respectively. Buying and selling quantity continues to chill, at $79Bn over the previous 24 hours, down from $81Bn at the moment, indicating declining dealer participation.
With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to simply $22M exiting the merchandise yesterday. If outflows proceed to sluggish, and presumably even flip inexperienced, this might be the true catalyst behind a bigger upside transfer throughout crypto.
Though Bitcoin and the broader market have seemingly settled and ETF outflows have slowed significantly, the Worry & Greed Index continues to be at 12/100, or ‘Excessive Worry’, signaling that traders aren’t totally trusting this constructive worth motion.
Crypto News: SpaceX Futures Surge Ahead of IPO Launch
Crypto merchants are already treating SpaceX as if it had been a publicly listed asset, even earlier than the corporate begins buying and selling publicly. SpaceX-linked perpetual futures have emerged as one of the crucial energetic speculative trades within the digital asset markets, drawing consideration at a time when Bitcoin and Ether are going through regulatory strain.
SpaceX shares are anticipated to start buying and selling on June 12, with an IPO worth of $135 per share. The market capitalization is estimated at $1.75 trillion to $1.77 trillion. Investor demand has now exceeded $250Bn for a complete providing measurement of $75Bn.
On crypto exchanges, there may be already buying and selling of SpaceX publicity via artificial and perpetual futures merchandise. Just lately, SpaceX-linked futures generated greater than $525M in buying and selling quantity over a 24-hour interval, with some contracts buying and selling at round $162, which is above the anticipated IPO worth.
Binance processed roughly $287M in SpaceX futures quantity inside a single day. Moreover, Hyperliquid has develop into a major platform for pre-IPO hypothesis, with open curiosity rising to over $115M forward of the itemizing.
$SPCX premarket on Hyperliquid: $180.
IPO worth: $135.
That's already a premium earlier than the inventory even opens.Right here's what's truly taking place:
Good cash is hedging positions and locking in income at these ranges.
Free cash — created out of skinny air.Retail is piling… pic.twitter.com/0telA1UbQr
— HENNY (@henny_fut) June 12, 2026
Japan Crypto Reform Bill Strikes Closer to Ultimate Approval
In different crypto information, Japan is advancing a cryptocurrency reform invoice that will classify main digital belongings like Bitcoin and Ethereum below a framework much like securities.
This laws goals to shift oversight from the Cost Providers Act to the Monetary Devices and Alternate Act, aligning cryptocurrency exchanges and issuers with conventional finance rules.
Just lately, the Home of Representatives permitted amendments to this act, which now await a last vote within the Home of Councilors.
Key features of the invoice embody restrictions on insider buying and selling in crypto transactions and elevated penalties for promoting unregistered digital belongings, elevating jail sentences from three to 10 years.
It additionally requires issuers to publish annual disclosures and expands the authority of Japan’s Securities and Alternate Surveillance Fee to supervise misconduct.
BREAKING: Japan to control crypto like shares
Decrease home simply handed the invoice.
Crypto = monetary devices.
Decrease taxes. Crypto ETFs incoming.
Reside subsequent yr.
The world's third largest economic system simply legitimized digital belongings.
Japan is early. Once more.
Supply: Bloomberg pic.twitter.com/yg8O8vFSr3
— Kyle Chassé
(@Kylechasse) June 11, 2026
There are not any dwell updates accessible but. Please examine again quickly!
The put up Crypto News Today (June 12): BTC Ranging Between $62K-63K, SpaceX Futures Surge Ahead of IPO and Japan Crypto Reform Bill Edges Closer appeared first on 99Bitcoins.
