Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

U.S. inflation print proves setback

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28.

The pair had fallen in step with stock markets on June 10, these finishing the week noticeably down — the S&P 500 and Nasdaq Composite lost 2.9% and 3.5%…


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