On Sunday, June 8, bitcoin’s price climbed past the $106,000 mark, though the top crypto token has barely budged over the past seven days, gaining just about 1%. Meanwhile, coins like ravencoin, spx6900, and internet computer have been stealing the spotlight with eye-catching double-digit growth.
Crypto Market Fires Up — Double-Digit Gains Collide With Brutal Losses
As of 2:30 p.m. Eastern on June 8, the crypto market is up 0.84%, bringing the total value to $3.32 trillion. Bitcoin (BTC) is holding steady at $106,380 after crossing the $106,000 line this afternoon. It’s posted a modest 1% gain this week and is up 3.7% over the last 30 days against the U.S. dollar. Several altcoins, on the other hand, have raced ahead, with ravencoin (RVN) leaping an impressive 47.4% in just one week.
Next in line is the meme coin spx6900 (SPX), which climbed 27.23% over the same period. Compound (COMP) and internet computer (ICP) followed close behind, rising 13.47% and 13.22%, respectively. Injective (INJ) moved up 12.17%, and sky (SKY) gained 11.87% during the past seven days. Sky’s partner token maker ( MKR) also notched an 11.71% rise against the U.S. dollar this week.
But while some coins soared, others slipped into the red with double-digit losses. Take kaito (KAITO), for example—it dropped 18.35% this week. The FTX-linked token FTT fell 16.53%, while MATIC slid 12.59%. Stacks (STX) has shaved off 11.6% of its value since last Sunday, and jupiter (JUP) dropped 11.1%. Virtuals protocol (VIRTUAL) also dipped by 10.2% over the past week. Rounding out the week’s notable drops, bittensor (TAO) is down 9.2%, and official trump (TRUMP) slipped 7.9% against the dollar.
The crypto market’s recent movements highlight the latest divergence among digital assets, with bitcoin maintaining steady gains while select altcoins experience explosive growth. Despite broad optimism, notable declines in certain alternative tokens reveal their underlying volatility. This week’s dynamic action points out a shifting focus and the persistent unpredictability of markets these days as they continue evolving.
