 fell on Jun. 9 due to the conflict between U.S. President Donald Trump and Elon Musk Tesla CEO. The cryptocurrency market, including Bitcoin, fell as the relationship between the two people, who emerged as a \"bitcoin rubber\" and cooperative relationship, became catastrophic. On the 7th, Musk posted an X post that attacked President Trump, including the alleged involvement of an app star. President Trump expressed his anger several times over Musk\'s attack through his X account and media interviews, and announced that the relati', 'https://img.blockstreet.co.kr/photo/2024/12/20/20241220000005_0640.png', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025060916362054663'));){kind=link}
BTC Continues Decline On Trump-Musk Open Insulation Declaration
'Dangerous Assets' Altcoin Deepens Downward In Intra Day of Jun. 9
Cas Abbe "BTC May Be Over $110,000 Next Week Bacause of Liquidation"
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The cryptocurrency market, including Bitcoin, fell as the relationship between the two people, who emerged as a "bitcoin rubber" and cooperative relationship, became catastrophic. On the 7th, Musk posted an X post that attacked President Trump, including the alleged involvement of an app star. President Trump expressed his anger several times over Musk's attack through his X account and media interviews, and announced that the relationship between the two was catastrophic.
The two figures, who had raised Bitcoin several times, virtually declared an end to the relationship, and the Bitcoin entered a weak state. Altcoins also fell weakly during the day on the 9th due to the decline of Bitcoin. Altcoins, which rose on the morning of the 9th, returned their rebound in the afternoon without power.
◇Bitcoin = Bitcoin price is $105,596 at 4:30 p.m. on Jun. 9, 2025. The Bitcoin share(dominance) was 64.69%.
The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 41.74% and 58.26% according to the on-chain analytics platform Sigbtc.
Experts predicted that Bitcoin would rise again in the near future due to a series of declines in Bitcoin.
Cryptocurrency trader Cass Abbott predicted Bitcoin's rise based on the betting situation in the Bitcoin futures market through his X account on the 8th.
According to the data released by Abbott, about $15.11 billion and $9.58 billion were bet on long and short bets in the bitcoin futures market, respectively.
"We expect a big change in Bitcoin next week, and Bitcoin is likely to rise from $109,000 to more than $110,000," Abbott wrote.
In fact, in the fourth week of May, before Bitcoin broke its new record price, the outstanding interest in the bitcoin futures market reached 81 billion dollars, reaching an all-time high.
◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Apr. 9 was Bora(BORA), up about 20% on the day alone.
Bora, a representative native non-fungible token (NFT), is attracting attention as a decentralized digital currency based on blockchain technology.
The Bora Project aims to develop a comprehensive game and content platform that provides functions such as NFT marketplaces, AMM Dex, and communities to revitalize the blockchain game ecosystem made up of the game player token economy.
◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'neutral' stage with 62 points. The neutral stage is a section where the psychological resistance and support of market participants appear, and important decision-making actions appear in future price movements.
The cryptocurrency relative strength index(RSI) provided by Sigbtc was 54.5, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.
권승원 기자 ksw@blockstreet.co.kr