Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility
The crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark.
Market visualization courtesy of Coin360
Having bullishly surged above the psychological price point of $9,000 in May, bitcoin has since seen significant corrections — briefly trading below $7.600 on June 6. To press time, the top coin is seeing solid green, breaking back above $8,000 to trade at $7,003 — up roughly 1.8% own on the day, according to CoinMarketCap data.
On the week, the cryptocurrency’s losses remain at 3.9%.
Bitcoin 24-hour price chart. Source: CoinMarketCap
Largest altcoin by market cap ether (ETH) has seen a gain of 1.21% on the day to press time to trade around $250. Having traded above $270 on June 1, ether has corrected downwards and remained range-bound in the $240-50 range in recent days.
The altcoin is re