Bitcoin price risks $29K ‘nosedive’ as Wall Street opens with fresh losses

Bitcoin price risks $29K ‘nosedive’ as Wall Street opens with fresh losses

Bitcoin (BTC) lost bullish momentum at the June 1 Wall Street open as United States equities faced another day of retracement.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Zooming out, “nothing” has changed

Data from Cointelegraph Markets Pro and TradingView captured a sharp U-turn for BTC/USD at the start of trading, $1,600 in three hours.

At the time of writing, the pair traded at around $30,400, giving back the past days’ gains.

For Cointelegraph contributor Michaël van de…


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