Bitcoin Rises But Recovery Remains Limited -- Market Talk

Dow Jones14:51

0651 GMT - Bitcoin edges slightly higher but its recovery from last week's heavy losses remains limited. Geopolitical uncertainty can pressure bitcoin in the short term as traders reduce exposure to speculative assets but the cryptocurrency can attract longer-term interest when investors look for alternatives to traditional assets, Zaye Capital Markets analyst Naeem Aslam says in a note. Wednesday's inflation data also have mixed implications for bitcoin, he says. Core inflation easing to 0.2% month-on-month in May reduces expectations for interest rate rises but the rise in annual headline inflation to 4.2% keeps investors nervous, he says. Bitcoin rises 1.9% to $62,894, having reached a 20-month low of $59,125 Friday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 11, 2026 02:51 ET (06:51 GMT)

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