Monthly change: BTCUSD -7.93%
Bitcoin's historical price records
Bitcoin traded at 34,000 USD by the end of the month, as the investors preferred to take profits. During June, the crypto fluctuated mostly within the 30,000-40,000 USD price range. However, by the middle of the month, the market witnessed a specific bearish technical signal called 'death cross'. The previous movements of this signal resulted in further price declines in 2018-2020.
Blockchain analytics explain the shortage of institutional investors as the reason for the current cryptocurrency price level. Now it remains almost half of April's all-time high. The open positions in bitcoin futures fell by 59% from the April peak, as investors remain cautious. Regulatory crackdowns and concerns about tighter monetary policy caused all recent sell-offs. All this happens in the wake of a slowdown in institutional demand and thinner liquidity.
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