Traditionally, financial markets do not show a wide amplitude of movement with the onset of the summer period. Historically, May and June have not been the most successful months for trading, and June is not statistically the most successful month for the first cryptocurrency.
Throughout the previous week, Bitcoin traded in the range of $65,800 - $72,000. The week started off as a weekend for the US capital market, so it was a short week of trading. It can be seen that the markets have calmed down after relatively good inflation data. The week was also not rich in macroeconomic events or political news.
However, it is important to note that by the end of the week we could see a decline in the market associated with negative news from Japan, where the second largest cryptocurrency exchange was hacked, as well as the fact that US President Joe Biden vetoed a bill that would allow financial institutions to hold on their balance sheets bitcoins. Bitcoin reacted by falling $1,000 as a result of the news.
As stated earlier, June is not the most active or profitable month for Bitcoin, but judging by liquidity collections of $66,100 - $70,100.
