RATE Group | Bitcoin price unstoppable to $10,000 even as S&P 500 markets recover
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Bitcoin price unstoppable to $10,000 even as S&P 500 markets recover

01 Jun Bitcoin price unstoppable to $10,000 even as S&P 500 markets recover

Posted at 08:05h in Bitcoin News by

Here is what you need to know on Monday, June 1, 2020

Markets:

Bitcoin made yet another attempt on breaking the resistance at $10,000 but the momentum stalled at $9,700 during the weekend session. A reversal took place with Bitcoin retesting key support at $9,400. Meanwhile, recovery ensued during the Asian session pulling the price from $9,446 to the current value of $9,548. The prevailing trend is bullish but the shrinking volatility suggests that gains are unlikely to be rapid in the course of the day.

Ethereum is one of the most improved among the top ten digital assets. Ether is trading 3.4% higher on the day. At the moment, it is becoming difficult to hold ETH/USD above $240. Moreover, the prevailing trend is bearish amid expanding volume. Buyers must ensure that gains above $240 are sustained. This way, they would avert possible declines towards $230.

Ripple, on the other hand, is trading above $0.20. An intraday high has been formed at $0.2061 from…

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