Bitcoin nears worst monthly losses since 2011 with BTC price at $19K
— Bitstamp )., June 2022, Flexing, Term downtrend, Research, Lowest, P 500, Would make, Btc, Price pressures — 1 min read
U.S. dollar index (DXY) comes within 0.2 points of its highest levels since 2002. BTC/USD abandoned $19,000 to hit its lowest in over ten days. S&P 500 and Nasdaq Composite Index down 1.8% and 2.6% at the time of writing. Data from Cointelegraph Markets Pro and TradingView followed Bitcoin/USD as it abandoned $20,000. Data on inflation suggests the worst could be behind the market, with inflation rate most closely watched by Fed showing softest rate of 6.3% in May. May PCE was flat vs April, below +6.4% expected, & core +4.7% in April. June 2022 would be worst June ever and heaviest monthly losses since September 2011. Source