Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes

Bitcoin traders remain unfazed while BTC price action follows stocks downward on the back of surprise U.S. macro data.

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Bitcoin (BTC) fell below $62,000 into the April 25 Wall Street open as “stagflationary” United States macro data unsettled markets.

Data from Cointelegraph Markets Pro and TradingView tracked new multi-day lows of $62,785 on Bitstamp.

Markets opened to troubled sentiment after U.S. Q1 GDP came in significantly lower than expected at 1.6%.

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