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Bitcoin Spikes Near $64,000 as Shorts Lose Over $450M

2026-07-06 02:16:23

Abstract generation in progress

Bitcoin spiked to nearly $64,000 in the early hours of July 6, reaching $63,900 on CoinGecko. A US Nonfarm Payrolls miss lowered near-term Federal Reserve rate-hike odds and helped Bitcoin rebound from a $58,293 low on July 1. Traders lost over $450 million in short positions across derivatives as BTC broke through $62,000. Spot Bitcoin ETFs snapped a 10-day redemption run, but funds are still working through June's record $4.5 billion outflows.

BTC0.14%

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