As of 12:00 GMT on June 2nd, Bitcoin’s price closed at $36487.23 and Ether's price closed at $2618.2. Yesterday afternoon, Bitcoin’s price entered a sideways adjustment phase, with the Bollinger band narrowing significantly. The True Volatility Index declined and the level of market volatility was temporarily at a steady state. Surprisingly, Bitcoin’s price hit $36,500. However, Gate.io data shows that the market is still in a state of extreme panic. Indicators such as MACD and RSI are in critical condition. With buy and sell signals both very vague, low volume friction is the main reason for the current temporary stable market performance. After 12:00, investors need to pay attention to bitcoin price’s short-cycle volatility and afternoon effect. Click to read more：Gate.io’s Daily Market Trends [June 2nd]:DOGECOIN rises above 20%, Shares of mining company RIOT soar 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 June 2, 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