As of 12:00 CST, Bitcoin’s spot price was $34506.66 and ethereum’s was $2303.17. On the one-hour scale, Bitcoin’s price has seen nine consecutive negatives since 3:00 on the 31st, and the short side may hit the $33,858 price support point during the day. After 8:00 on the 31st, Bitcoin’s price protruded through the lower Bollinger band, and the spot price may enter an accelerated downward channel. RSI and MACD indicators collectively show that the market is bearish. By midday on the 31st, the short side still dominated the market. Click to read more：Gate.io’s Daily Market Trends (May.31) Cryptocurrency market continues to wane; England's banks upgrade crypto trading regulation Gate.io Blog As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home. We invite you to experience and bookmark this blog, in order to get essential investors tips. Website: https://www.gate.io/en/blog/bloglist App will be launched soon, please keep an eye out for it! Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage. Gate.io Blog will be updated at regular intervals. Stay tuned! Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team May 31, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up ：https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram：https://t.me/gateio Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio