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Announcements Gate.io’s Daily Market Trends (June 4th): Gate.io Makes the Forbes List, Bitcoin's sharp Intraday Price rub
Gate.io’s Daily Market Trends (June 4th): Gate.io Makes the Forbes List, Bitcoin's sharp Intraday Price rub
2021-06-04 09:06:06 UTC 66199 Read
As of 12:00 GMT, Bitcoin’s price closed at $37,884.25 and Ether's price closed at $2,751.33. After 10:00 yesterday, Bitcoin’s price rose for five straight hourly closes and then adjusted, but still hit the $40,000 mark at 18:00. Today at 9:00, Bitcoin’s price fell sharply by $777.74. As a result of this sudden drop, Bitcoin’s price entered a correction phase before noon. On the one-hour chart, Bitcoin’s price is showing a clear "M" pattern, with the top around $40,000. If there is no serious dip in Bitcoin’s price after midday, the market could continue yesterday's recovery trend. However, the $40,000 resistance remains in place. Recently, the intraday trends of Ether and Bitcoin have become more similar, so investors should pay attention to diversify their risk.

Click to read more:Gate.io’s Daily Market Trends (June 4th)Gate.io Makes the Forbes List, Bitcoin's sharp Intraday Price rub






Gate.io Blog


As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.

We invite you to experience and bookmark this blog, in order to get essential investors tips.

Website: https://www.gate.io/en/blog/bloglist
*App will be launched soon, please keep an eye out for it!

Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage.



Gate.io Blog will be updated at regular intervals. Stay tuned!


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Gate.io Team
June 4, 2021

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