Bitcoin Rises 2.1% to $63,151 on June 8 Amid Weekly Decline

BTC2.22%
According to Gloom Club, Bitcoin rose 2.1% to $63,151.05 in Asian morning trading on June 8. The cryptocurrency posted its worst trading week since March 2022 as capital shifted toward equities ahead of Alphabet's $85 billion stock offering and SpaceX's pre-IPO fundraising round of $75 billion. Despite the weekly weakness, its long-term demand drivers remain intact, including large fiscal deficits, persistent inflation concerns, and growing adoption as a hedge asset alongside gold.
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