As of 12:00 GMT, Bitcoin's price closed at $37,700.32. The Ethereum spot price closed at $2,738.43.
On the hourly time-frame, Bitcoin price saw five straight hourly highs. At 19:00 yesterday, the price was approaching $38,000. Bitcoin price then trended downward to $37,000. The two psychological levels for bitcoin today are $37,000 and $38,000. A breakout to the upside above $38,000 may ease market panic further. On a daily basis, the MACD indicator is getting stronger and the market buying signal continues to strengthen as it did in previous days. The day-to-day volatility effects on bitcoin spot trading price is becoming more prent, and Gate.io researchers remind investors to pay attention to short-term trading risks.
Click to read more: Gate.io’s Daily Market Trends June 3rd:Cryptocurrency Market Confidence Picks Up Google to Unblock Exchange Ads
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Jun 3, 2021