The bulls are back in the crypto market after bitcoin tested $9,000 for a few minutes on May 30. The prices, however, fell sharply to as low as $8,034 a few hours later. At the time of this writing, Bitcoin and the rest of the cryptocurrency market are recording significant gains with BTC trading at $8,576, ETH at $269, and XRP at $0.44
The total 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 via Crypto Exchanges A new report from Chainalysis, a US-based blockchain intelligence firm, has revealed that more than 60% of ransomware attackers cashed-out via cryptocurrency exchanges.
Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price Binance has once again hit a new milestone as its latest IEO token, Harmony (ONE) trades at more than 8x compared to its IEO price.
Margin Trading Risks: This Student Lost All His Bitcoins. What Can Be Learnt? A student recently shared a story of how he lost all his bitcoins while margin trading. Here’s what we can learn from his mistakes.
Most Significant Winners and Losers
Mindexcoin (MIC) spiked up above $0.2 as the bulls entered the markets earlier today. MIC, which traded as low as $0.03 at the start of the trading session, is recording more than 700% gains against the US dollar. At the time of this writing, the price of the coin is $0.29 with about $520,062 being traded across all exchanges in the last 24 hours.
Crystal Token (205.07%)
Although Crystal Token (CYL) struggled at the start of the trading session, it is now trading up to 205% against the US dollar on the daily charts. The bulls are keeping the price of the token at the $0.003 marks. At the time of this writing, CYL is trading at $0.003565 with a daily volume of $50,934.
SophiaTX (SPHTX) attempted to stay strong with a price of $0.009 at the start of the trading session but failed to keep up. The price of the coin quickly dropped by 27.11% against the US dollar and now trades at $0.0069. SPHTX has a market cap of $2,304,723 and a daily volume of $143,233 across all exchanges.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Technical analysis tools by Coinigy.