Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next.

Key points:

Data from TradingView showed BTC/USD down 1.3% on the day at $62,570, near its lowest levels month-to-date.

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