Bitcoin price today 5.6: Pressure to sell off, Bitcoin drops to 7,700 USD

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Bitcoin price today (June 5) continues to decline. With weak purchasing power, Bitcoin is increasingly falling behind the $8,000 threshold.

Bitcoin (BTC) price decreased by 169.30 USD (equivalent to 2.12%) to 7793.10 USD.

Ethereum (ETH) price decreased by 2.33 USD (equivalent to 0.95%) to 241.97 USD.

Lifecoin (LTC) price decreased by 1.31 USD (equivalent to 1.26%) to 102.53 USD.

XRP price decreased by 0.0111 USD (equivalent to 2.72%) to 0.3991 USD.

Bitcoin Cash (BCH) price decreased by 6.16 USD (equivalent to 1.56%) to 388.86 USD.

Bitcoin price at the opening of the session was 7970.47 USD. The highest Bitcoin price recorded in the past 24 hours was 8018.55 USD. The lowest Bitcoin price recorded in the past 24 hours was 7453.27 USD.

Bitcoin is once again trying to recover from its 30-day average of $7,710. The main average has continuously reversed over the past four months.

Bitcoin, the market leader digital currency, fell below $8,000 in today's trading session and hit the 30-day average support level (MA) at $7,707. according to Bitstamp data.

According to Coindesk experts, Bitcoin prices are unlikely to increase back to the threshold of 9,000 USD in the short term because the BTC is in a downtrend cycle. Weekly chart analysis shows signs of exhaustion.

A notable report has just been published showing that Vietnamese people are "afraid" of the second virtual currency in Southeast Asia. Bitcoin prices have continuously increased skyrocketing in the past month, making many investors in Vietnam excited. According to statistics from The Block, Vietnam ranks 2nd in Southeast Asia, just behind Indonesia in terms of the number of visitors on electronic trading floors.

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TIN LIÊN QUAN

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Mr. Trump revealed that he will cut taxes on China sharply

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Bitcoin price today 4.6: "Lost" from the 8,000 USD mark, investors shake hands

H.M |

Bitcoin price today (June 4) plummeted from the 8,000 USD mark. However, the number of Bitcoin Future trading contracts (CME Bitcoin Future) hit a record high in history.

Vietnamese people "adove" the second virtual currency in Southeast Asia

Hương Nguyễn |

Statistical results of The Block show that Vietnam ranks 2nd in Southeast Asia, just behind Indonesia in terms of the number of visitors on electronic trading floors.

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H.M |

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