[Morning News Briefing] Bitcoin hits 12-week low of $71,200, etc.

Bitcoin fell to $71,200, its lowest level in roughly 12 weeks, with The Block attributing the drop to Jensen Huang’s exit from NVIDIA and MSCI’s confirmed removal of Strategy from its index. XRP perpetual futures 30-day cumulative funding reached +0.18%, the highest in about a year, according to CryptoQuant analysis cited by Darkfost. U.S. spot XRP ETFs recorded $10.4 million in net outflows in a single trading session. The moves matter because they signal renewed pressure on crypto’s largest token alongside improving leverage sentiment in XRP derivatives, even as spot ETF demand weakens. Next, watch whether bitcoin holds above the $71,000 area and whether XRP funding stays elevated as ETF flows stabilize.