0418 GMT - Bitcoin falls in Asian trade as investors monitor developments in the Israel-Iran conflict. Traders are also focused on the coming U.S. inflation data mid-week, which could either reinforce or moderate the Fed rate hike narrative, cryptocurrency trading house Teroxx says in a commentary. ETF flow data will also be watched to determine whether recent fund outflows have begun to stabilize. Markets will get a boost if Strategy, a major corporate Bitcoin holder, follows through with Bitcoin purchases. Teroxx sees the cryptocurrency's ability to hold the $60,000 to $62,000 range as a key technical level. Bitcoin is last down 1.1% at $62,786.97.(jason.chau@wsj.com)
(END) Dow Jones Newswires
June 09, 2026 00:18 ET (04:18 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments