Bitcoin price dips under $104K as Russia-Ukraine woes rile US stocks
Summary
Bitcoin (BTC) aimed to retest 2024 highs at the June 2 Wall Street open amid renewed Russia-Ukraine tensions. BTC/USD fell below $104,000 as US stocks opened cautiously, reflecting geopolitical volatility. The Kobeissi Letter noted market uncertainty regarding a potential peace deal involving President Trump. Analysts expressed concerns about risk assets, with Filbfilb predicting selling pressure due to escalating tensions. Despite this, some traders remained optimistic about Bitcoin's long-term outlook, citing strong local support. Market participants anticipated a sideways trading period for BTC, with QCP Capital projecting a price corridor of $100,000-$110,000. Daan Crypto Trades suggested a potential reversal trend for June.
