The Asian trading session on Thursday, June 9 started with a slight increase in the main indicators of business activity. Cryptocurrencies have also attracted capital, and bitcoin bounced back minimally.
At the time of publication of this review, BTC was trading at $30,256. Altcoins are trading in different directions.
Ether (ETH) and Binance Coin (BNB) rose to $1,796 and $288.5, respectively. Cardano (ADA) and XRP strengthened to $0.638 and $0.400. Solana (SOL, Dogecoin (DOGE), and Polkadot (DOT), on the contrary, are retreating. These altcoins sank to $39.01, $0.079, and $9.03.
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Analyst Mati Greenspan told Bloomberg that Bitcoin's technical performance has been improving over the past few days. Traders need to be guided by the decisions of the Federal Reserve, seeking to reduce inflation.
Softening the rhetoric of the American regulator will improve the mood in the camp of investors, and risky assets, including BTC, will bounce back, Greenspan believes.
Cathy Stockton of Fairlead Strategies also points to positive signals. According to her estimates, Bitcoin has stabilized, and the activation of traders in the technology sector will help the coin to rebound.