Bitcoin Drops But Moves Above $31,000

This morning in Asia(June 8), the Bitcoin price fell 0.52% to $31,175.13.

Bitcoin moved in negative territory this morning after the Dow Jones Industrial Average closed up 264 points on Tuesday (June 7). Investors are keeping an eye on consumer price data, which is scheduled for release on Friday (June 10).

  • Dow Jones Industrial Average It rose 264.36 points or 0.08% to close at 33,180.14 points.
  • The S&P 500 rose 39.25 points, or 0.95%, to close at 4,160.68.
  • The Nasdaq rose 113.86 points, or 0.94%, to close at 12,175.23.

In addition, the global blog company, which is a digital asset broker, said that the decline of Bitcoin occurred just one day after it climbed above $31,000. Although some investors see the bitcoin price has a chance to rebound. But now Bitcoin is facing key resistance at the $31,500-$35,000 level.

Meanwhile, analysts at B2C2 said that the cryptocurrency market is weakening due to the lack of factors that stimulate the price to go up. It is expected that the price will continue to fall if the atmosphere in the market remains like this. The market is now watching whether the bitcoin price will fall out of the $28,000-$32,750 range or not.

The Spot Market is Open

Wednesday, June 8, 2022

Crypto
Updated at
USD
Price

Change

%Change
09.40 BTC31,119.15+1,602.63+5.43
09.40 ETH1,828.34+73.26+4.17
09.40 LTC64.14+2.86+4.67
09.40 BNB292.02+15.94+5.77
09.40 XRP0.41+0.02+4.71
09.40 ADA0.65+0.06+10.64
09.40 DOT9.30+0.29+3.23
09.40 DOGE0.080.00+1.88
09.40 UNI5.28+0.24+4.68
09.40 LINK8.71+1.20+15.97

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