Market Watch: Bitcoin Rebounds Above $8500, Altcoins Surge

The bulls are again within the crypto market after bitcoin examined $9,000 for a couple of minutes on May 30. The costs, nevertheless, fell sharply to as little as $8,034 a couple of hours later. At the time of this writing, Bitcoin and the remainder of the cryptocurrency market are recording important positive aspects with BTC trading at $8,576, ETH at $269, and XRP at $0.44

The complete market cap is ~$272 billion | Bitcoin’s market cap is ~$152 billion | BTC dominance at 55.8%

Major Crypto Headlines

Chainalysis Says 64% of Ransomware Attackers Launder Proceeds by way of Crypto Exchanges A brand new report from Chainalysis, a US-based blockchain intelligence agency, has revealed that greater than 60% of ransomware attackers cashed-out by way of cryptocurrency exchanges.

Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price Binance has as soon as once more hit a brand new milestone as its newest IEO token, Harmony (ONE) trades at greater than 8x in comparison with its IEO price.

Margin Trading Risks: This Student Lost All His Bitcoins. What Can Be Learnt? A pupil not too long ago shared a narrative of how he misplaced all his bitcoins whereas margin trading. Here’s what we are able to learn from his mistakes.

Most Significant Winners and Losers

Mindexcoin (703%)

Mindexcoin (MIC) spiked up above $0.2 because the bulls entered the markets earlier as we speak. MIC, which traded as little as $0.03 firstly of the trading session, is recording greater than 700% positive aspects towards the US greenback. At the time of this writing, the price of the coin is $0.29 with about $520,062 being traded throughout all exchanges within the final 24 hours.

Crystal Token (205.07%)

Although Crystal Token (CYL) struggled firstly of the trading session, it’s now trading as much as 205% towards the US greenback on the each day charts. The bulls are preserving the price of the token on the $0.003 marks. At the time of this writing, CYL is trading at $0.003565 with a each day quantity of $50,934.

SophiaTX (-27.11%)

SophiaTX (SPHTX) tried to remain robust with a price of $0.009 firstly of the trading session however did not sustain. The price of the coin shortly dropped by 27.11% towards the US greenback and now trades at $0.0069. SPHTX has a market cap of $2,304,723  and a each day quantity of $143,233 throughout all exchanges.

The put up Market Watch: Bitcoin Rebounds Above $8500, Altcoins Surge appeared first on CryptoPotato.

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