On June 2, around 2 a.m. Moscow time, the bitcoin exchange rate rose from $9,895 to $10,429 in 30 minutes – a new wave of volatility contributed to the price growth after the closing of the trading day on June 1.
The sharp rise in the price of bitcoin occurred against the backdrop of ongoing protests in the United States, caused by the death of a black American at the fault of the police. Over the past six days, protests have turned into riots and pogroms, and the national guard has been deployed to 21 States.
The bitcoin price fluctuated between $8,600 and $10,000 for about a month and finally broke the resistance level. After a sharp increase, the BTC rate has declined and now the first cryptocurrency is trading at $10,111. The movement of the BTC exchange rate was also supported by a large volume of daily trading on the Bitstamp and Binance exchanges.
Following bitcoin, other major cryptocurrencies also began to grow. According to the CoinMarketCap service, over the past day, the prices of the ten largest crypto assets by market capitalization have increased by 3-7%.
Recall that the last time bitcoin broke the level of $10,000 on may 7, but could not gain a foothold above this mark for a long time. Recently, a popular cryptocurrency analyst, Reliable Crypto, expressed confidence that bitcoin is completing the 900-day accumulation phase and is preparing for a leap “to $100,000 or higher”.