Cryptocurrency Market News: Bitcoin and the rest of cryptos continue trading sideways

Here is what you need to know on Monday, June 8, 2020

BTC/USD is trading sideways, fighting to stay above $9,700 after opening at $9,746. The trading volume continues declining while Bitcoin’s dominance has remained pretty stable at 64.5%.

ETH/USD is basically following Bitcoin’s step, and it’s also trading sideways, currently at $242.39. 

XRP/USD is trading at $0.2019, continuously fighting for the $0.20 level while trying to defend the daily 12-EMA.

The market hasn’t moved a lot today, but some cryptos have seen a significant boost. Aion, with a 9.8% increase, takes the first spot today, followed by WAX at 9.61% and Blockstack with a 9% price surge.

Chart of the day: ZIL/USD daily chart



Good news for the entire crypto market as Binance and Coinmarketcap are ranked 22nd and 23rd respectively on Similarweb’s list of the best investment websites. Similarweb ranks more than 80 million sites internationally and has put Binance in the top 22 while is ranked 44th. 

More good news for crypto after a recent report showing the monthly trading volume of crypto derivatives is increasing. According to the report, the volume surged by more than 30% in May and seems to be going up this month as well.


Huge news today for gamers and gaming-related crypto projects as ‘PlayDapp,’ a popular Korean Blockchain gaming company, has launched a marketplace for NFTs. Korea’s gaming industry is one of the biggest, and the new marketplace should help Non-Fungible Tokens to thrive. 

ForumPay is now offering a crypto and fiat interchangeable payment platform. The provider based in Malta says that it will provide users with instant payments as well as exchanging crypto to fiat and vice versa.

Quote of the day

We’re going to reinvent the concept of money and take it out of the government’s hands and control it ourselves.

Charles Hoskinson, Founder of Cardano.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

XRP price eyes deeper losses, as 200-DMA looks at risk

XRP price is licking its wounds so far this Saturday, having reached the lowest in three months at $0.7691 on Friday. XRP bears are set to breach the 200-DMA, with a test of May lows likely. Ripple confirmed a symmetrical triangle breakdown on the daily chart. The path of least resistance appears to down despite the tepid bounce.

More Ripple news

SafeMoon Price sees a dead cat bounce before the next downswing kicks in

SAFEMOON price is fading the recovery momentum this Saturday after falling for four days in a row earlier this week. Technical up on the 4H chart paints a bearish picture. RSI remains bearish, as more weakness likely in the near term.

More SafeMoon News

MATIC Price Prediction: Polygon success story hangs in the balance

MATIC price drops 13%, engages critical support, including the 2021 rising trend line. Polygon symmetrical triangle breakout on June 15 may have been a bull trap. Select on-chain metrics support a constructive view on the Indian blockchain platform.

More Matic news

SHIB retraces Coinbase rip, as crypto market selling intensifies

Shiba Inu price dropped 30% before finding support at the 50 four-hour simple moving average (SMA). Four-hour Relative Strength Index (RSI) has released the notable overbought condition in SHIB.

More Shiba Inu News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast