TREE NEWS reports: Bitcoin fell to $62.5K, approaching new August lows despite positive US inflation data, while US stocks hover near all-time highs. A trader warns that the weekly close could trigger further losses, highlighting the ongoing divergence between crypto and equities.
Bitcoin Drops to $62.5K as Weekly Close Looms
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AI take
The divergence is the story: crypto is selling off while equities sit near record highs, so the usual macro tailwind from softer inflation data isn't reaching bitcoin. That matters most for traders positioned for crypto to track risk assets, since the correlation they're relying on is visibly breaking down. Whether the weekly close confirms the weakness or marks a exhaustion point is the open question.
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