0650 GMT - Bitcoin edges lower as it struggles to recover meaningfully after suffering heavy losses last week. The cryptocurrency reached a 20-month low on Friday, driven by geopolitical uncertainty, outflows in exchange-traded funds and an announcement by bitcoin-hoarding firm Strategy that it had sold bitcoin for the first time since 2022. Strategy announced renewed bitcoin purchases on Monday, although this had little impact. Bitcoin falls 0.2% to $63,366 after reaching as low as $59,125 Friday, LSEG data show. "With nothing important on today's economic calendar, bitcoin traders are likely to focus on geopolitical headlines, ETF flow direction, the dollar, Treasury yields and whether the $63,000 recovery attracts follow-through buying," Zaye Capital Markets analyst Naeem Aslam says in a note. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 09, 2026 02:50 ET (06:50 GMT)
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