Gate’s Daily Market Trends (June 8th): Bitcoin Falls Under $34,000. President Trump: “Bitcoin Is a Scam, Goes Against Dollar”

As of 12:00 Beijing time, Bitcoin’s price was US$32,819.54 and Ether’s price was US$2,485.80. Bitcoin’s price fell below the 5 day moving average of $33085.08 after failing to reach $37,000. Some analysts blamed the drop on 2 reasons: President Trump criticized Bitcoin as “a scam against the Dollar'', and the US Department of Justice had to sell nearly 63.7 bitcoins currently valued at $2.3 million. The ransom money was paid by Colonial Pipeline to DarkSide. During the Bitcoin Conference in Miami over the past few days, many famous speakers, including Twitter's CEO Jack Dorsey, expressed their support for Bitcoin. The price has not yet reflected their positive sentiment..







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