Bitcoin price hits new June lows while open interest stays above $35B
Bitcoin wobbles further into key U.S. macro events as surging open interest concerns longtime market participants.
Bitcoin dropped under $67,000 into the June 11 Wall Street open as markets staged a classic pre-inflation report comedown.
Data from Cointelegraph Markets Pro and TradingView showed new local Bitcoin (BTC) price lows of $66,696 on Bitstamp — its worst month-to-date.
Having dropped for almost 24 hours in a row, Bitcoin failed to buck the trend on the day as risk assets prepared for a deluge of United States macroeconomic data and Federal Reserve commentary.
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Author: William Suberg
