RATE Group | Bitcoin Today: Cryptos Kick Off June With Lackluster Start
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Bitcoin Today: Cryptos Kick Off June With Lackluster Start

02 Jun Bitcoin Today: Cryptos Kick Off June With Lackluster Start

Posted at 07:14h in Bitcoin News by

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As June begins, cryptocurrencies were struggling to register gains. Here’s what you can’t miss in cryptocurrency for Friday, June 1.

April Showers Bring May … Losses

Bitcoin had a rough go of it in May. Despite a mid-month rally that saw the top cryptocurrency reaching for $10,000, bitcoin closed out May with a tough 19% price decline, according to data from Bitfinex. That monthly loss pushed bitcoin’s five-month moving average below its 10-month moving average for the first time since June 2014. As June began, bitcoin was still lower at about $7,400 for most of the day. While that puts bitcoin about 62% lower than its record high set in December 2017, it’s worth noting that bitcoin traded for just $2,407 on June 1, 2017. In the last year, prices have climbed more than 200%.

IMF Official: Central Banks Need to Compete

Dong He, the deputy director for the International Monetary Fund’s Monetary and Capital Markets Department, said in an editorial that central banks need to offer…

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