As of 12:00 Beijing time, Bitcoin’s price was US$32,819.54 and Ether’s price was US$2,485.80. Bitcoin’s price fell below the 5 day moving average of $33085.08 after failing to reach $37,000. Some analysts blamed the drop on 2 reasons: President Trump criticized Bitcoin as “a scam against the Dollar'', and the US Department of Justice had to sell nearly 63.7 bitcoins currently valued at $2.3 million. The ransom money was paid by Colonial Pipeline to DarkSide. During the Bitcoin Conference in Miami over the past few days, many famous speakers, including Twitter's CEO Jack Dorsey, expressed their support for Bitcoin. The price has not yet reflected their positive sentiment.. Click to read more：Gate.io’s Daily Market Trends _June 8th_: Bitcoin Falls Under $34,000. President Trump: “Bitcoin Is a Scam, Goes Against Dollar” 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 April 1, 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