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Analysis

📈Market Overview

  • June 8, 2021

The crypto markets are dropping again, with Bitcoin crashing below $33,000 for the first time since May 23 and Ethereum similarly breaking below the support at $2,500.
The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with popular analyst William Clemente III identifying that miners sold more than 5,000 BTC over the past week — worth roughly $164 million at current prices.

The Top-10 cryptocurrencies are traded in the red zone. Polkadot -15.2%, Dogecoin -13.7%, Binance Coin -13.0%.

Market capitalization: $1.55T (-10.5%)
The BTC dominance: 39.83% (+1.4%)
Fear & Greed Index: 13 (Extreme Fear)

https://cryptorank.io/heatmaps

👉 Top Gainers

Apollo (APL) +51.5%
Indexed Finance (NDX) +45.5%
Ternoa (CAPS) +34.5%

👉 Top Losers

CumRocket (CUMMIES) -34.8%
TEMCO (TEMCO) -30.0%
PAID Network (PAID) -27.9%

BTC Futures

Aggregated Volume — $65.08B
Aggregated Open Interest — $9.66B

👉 Derivatives Market Analytics


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