In crypto information at this time (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 assist 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 energy 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 this time, indicating declining dealer participation.
With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to only $22M exiting the merchandise yesterday. If outflows proceed to gradual, and presumably even flip inexperienced, this might be the actual catalyst behind a bigger upside transfer throughout crypto.
Though Bitcoin and the broader market have seemingly settled and ETF outflows have slowed significantly, the Concern & Greed Index remains to be at 12/100, or ‘Excessive Concern’, signaling that traders aren’t absolutely trusting this constructive worth motion.
Crypto Information: SpaceX Futures Surge Forward of IPO Launch
Crypto merchants are already treating SpaceX as if it have 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 vital 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 dimension of $75Bn.
On crypto exchanges, there’s already buying and selling of SpaceX publicity by artificial and perpetual futures merchandise. 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 big 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 really 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 Invoice Strikes Nearer to Remaining Approval
In different crypto information, Japan is advancing a cryptocurrency reform invoice that will classify main digital property like Bitcoin and Ethereum below a framework much like securities.
This laws goals to shift oversight from the Fee Companies Act to the Monetary Devices and Trade Act, aligning cryptocurrency exchanges and issuers with conventional finance rules.
Lately, the Home of Representatives accredited amendments to this act, which now await a ultimate vote within the Home of Councilors.
Key elements of the invoice embrace restrictions on insider buying and selling in crypto transactions and elevated penalties for promoting unregistered digital property, 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 Trade Surveillance Fee to supervise misconduct.
BREAKING: Japan to manage crypto like shares
Decrease home simply handed the invoice.
Crypto = monetary devices.
Decrease taxes. Crypto ETFs incoming.
Stay subsequent 12 months.
The world's third largest financial system simply legitimized digital property.
Japan is early. Once more.
Supply: Bloomberg pic.twitter.com/yg8O8vFSr3
— Kyle Chassé
(@Kylechasse) June 11, 2026
There are not any stay updates out there but. Please test again quickly!
The publish 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.
