Market Watch June 8: PayPie Surges 110% As Bitcoin Stable At $8000
The crypto market is looking less volatile than it was a couple of days ago as Bitcoin finally broke the $8,000 resistance levels over the last 24 hours. There are speculations that the cryptocurrency is gathering momentum for the next bull run to $10,000. Although Bitcoin traded as high as $8,125 today, it currently sits at $7,971, which represents a 0.08% at press time.
Ethereuem, Ripple, and other major cryptocurrencies from the top 10 are also seeing slight profits or losses in the market today with ETH and XRP trading at $250 and $0.422 respectively.
The total market cap is ~$255 billion | Bitcoin’s market cap is ~$142 billion | BTC dominance at 55.4%
Major Crypto Headlines
Bitcoin Can Skyrocket to $20,000 Amid US-China Trade War According to Analyst. DailyFX’s Christopher Vecchio has predicted that Bitcoin could repeat its 2017 ATH and surge to $20,000 in the short run if the Chinese Yuen continues to fall.
Canada: Vancouver Mayor Suggests Ban on Bitcoin ATMs. Bitcoin. The use of Bitcoin ATMs in Vancouver may soon come to an end as the city is considering to ban them due to the increasing rate of money laundering.
Venture Capitalist: India’s Ban on Bitcoin Will Only Increase Interest in the Country. Despite the growing concerns about India banning Bitcoin completely, Barry Silbert of Digital Currency Group believes that the ban would cause more good than harm to the growth of the cryptocurrency industry.
Most Significant Winners and Losers
Big win for PayPie (PPP) traders today as the cryptocurrency leads the market today with over 110.36% gains against the US dollar. The bears finally retreated after keeping the tokens price as low as $0.08 over the previous week. At press time, PPP is ranked 270 as it trades at $0.172 with a market cap of $14,155,591.
MESG finally broke out after reaching a new bottom region around $0.01 earlier this week. At the time of writing, MESG is trading at $0.079, marking 106% gains on the day. The token has a market cap of $309,411 with 24 hours trading volume of $241,240 across all exchanges.
Marginless (MRS) had started the day with a bullish sentiment, but it was for not. The token is currently the biggest losers for the day with over 96% loss against the USD. MRS now trades at $0.000717 from a high of $0.0192 with its daily volume hovering around $90,000 at press time.
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