Bitcoin BTC fell below $63,000, dropping 1.14% since midnight UTC, as spot exchange-traded funds (ETFs) continued to see outflows and the crypto market lacked key bullish catalysts. Bitcoin ETFs experienced their second consecutive day of outflows with a total of $192 million exiting products, according to data from SoSoValue.

The drop comes on the heels of U.S. producer price inflation data easing to 4.7%, below expectations. This led to increased gains in equities and

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