Bitcoin slides to USD $67,500 but closes May with notable gains – DiarioBitcoin

Although the price of Bitcoin It fell almost 1% in the last 24 hours and opens June above USD $67,500. May was a quite remarkable month for the digital currency, with gains exceeding USD $7,000.

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• Bitcoin It is around USD $67,500 and this is how the month of June opens
• However, during May it grew by 18%
• Last month was full of important events for Bitcoin
• Another that was also in the focus of attention was Ethereum

Bitcoin June opens above USD $67,500

A new month begins and we open our price report for this June 1, reviewing the evolution seen in the price of Bitcoin (BTC), digital currency that at the time of publication is quoted at about USD $67,749 per unit, a figure that is almost 1% below the values ​​seen yesterday at this time.

According to data published in our section CryptoMarkets, It is appreciated that the price of Bitcoin It has been fluctuating slightly above USD $67,500 throughout the day, this after losing the USD $68,000 mark yesterday.

The drop in the price of Bitcoin coincides with the announcement by US President Joe Biden, who vetoed resolution HJRes. 109, a measure that attempted to annul the SAB 121 of the Securities and Exchange Commission (SEC), which addresses the accounting obligations of companies that safeguard cryptoassets.

Since then, in the last 24 hours, a trading volume of more than USD $21,929 million in commercial transactions has moved through the main exchanges, which is 18% below the values ​​seen in the previous period.

May closed on a good note

In this case, perhaps the most notable thing is the performance of Bitcoin throughout the month of May, a period in which it showed a very good performance in the face of the previous months of strong volatility.

The data of our section CryptoMarkets show that on average, Bitcoin It opened May slightly above USD $57,000, to close the month above USD $67,500, which could translate into gains of more than 18% over the last 30 days.

Starting from the announcement of the FED in relation to interest rates, going through the movements BTC by Mt. Gox, the good performance of ETFs Bitcoin during the second half of the month, mentions of the digital currency in political campaigns for the US presidency and more, the main cryptocurrency has been in the spotlight during May.

Ethereum not left behind

Despite Bitcoin grab the attention, another one that has attracted a lot of attention throughout this month is Ethereum, second digital currency with the largest market capitalization, which reacted strongly after changes in the regulatory landscape related to exchange-traded funds.

Although many considered the attempts to launch ETFs to be unsuccessful Ethereum in cash in the US market, surprisingly SEC requested the applicants to submit the necessary forms for the arrival of these products to the stock exchange, approving the applications in the first batch 19b-4 and now examining the documents S-1.

It is expected that the SEC of response in the coming weeks to the administrators, with which they will formally begin operations on the US stock market and will be able to market shares for said funds. Expectations are very high, and while some anticipate that they probably won’t see the same volumes as their peers based on Bitcoin, They could capture a lot of liquidity and open the door for similar products backed by other cryptocurrencies.

At the time of editing, Ethereum It is quoted at about USD $3,797 per unit, with a slight drop of 0.5% compared to yesterday, but with an increase of 31% in the last 30 days.

Article by Angel Di Matteo / DailyBitcoin

Picture of DailyBitcoin, under free use license

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.