Updated
Updated · Bloomberg · Jun 8
Bitcoin Rebounds 3.8% to $64,200, Trades Near $63,000 in Early Asia
Updated
Updated · Bloomberg · Jun 8

Bitcoin Rebounds 3.8% to $64,200, Trades Near $63,000 in Early Asia

1 articles · Updated · Bloomberg · Jun 8

Summary

  • $64,200 marked Bitcoin’s intraday high in early Asia on Monday, after the token clawed back above $60,000 from last week’s slide.
  • $63,000 was the level around 9:45 a.m. in Singapore, showing the rebound had held even after easing from the session peak.
  • $60,000 had been breached late last week for the first time since Donald Trump’s 2024 reelection, underscoring how sharp the recent selloff had been.
  • Ether also firmed, rising more than 3% to about $1,680, suggesting the recovery extended beyond Bitcoin across major cryptocurrencies.

Insights

With Bitcoin below its cost, is MicroStrategy’s massive crypto bet about to break?
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