Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020.
A night of losses into June 13 means that the largest cryptocurrency is now edging closer to beating its ten-month lows from May.
The weakness has left few guessing — shock inflation data from the United States last week sparked a chain reaction across risk assets, and low weekend liquidity appeared to exacerbate the consequences for cryptoassets.
The macro pain continues this week — the Federal Reserve is due to provide information on rate hikes and the economy more broadly, the first official policy update since the inflation figures.
The mood among analysts on both Bitcoin and altcoins — while not unanimously bearish — is