Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility

Friday, June 7 - after recent shaky sentiment, the crypto markets are today back firmly in the green, with bitcoin breaking back above the $8,000 mark, as Coin360 data shows.

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.

Largest altcoin by market cap ether 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.

Among the top ten cryptocurrencies at press time, all are in the green except for eighth-largest coin bitcoin sv, which has reported a 1.26% loss on the day to trade around $198. The highest 24-hour gain has been sealed by fifth largest crypto litecoin, which has surged 8.45% to trade at $113.50.

Other top ten coins such as bitcoin cash, stellar and eos are seeing milder gains of between 1 and 3%. Widening out to the top twenty, virtually all coins are green, with the exception of ethereum classic, which is down a slight 0.8% to trade at $7.94 by press time.

To press time, the total market capitalization of all cryptocurrencies is at around $255.78 billion - as compared with an intraweek high of $276.56 billion on June 2.

Bitcoin dominance is at 55.5%. Total market capitalization of all cryptocurrencies.

In crypto market news, margin lenders on American cryptocurrency exchange Poloniex reportedly lost around $13.5 million due to a flash crash on May 26.

A blog post from the exchange outlined that a severe price crash in the clams market had led to margin loans losses amounting to roughly 1,800 bitcoin - approximately $13.5 million at the time.

In traditional markets, CNN Business has reported that Masanari Takada, a strategist at Japanese financial holding company Nomura, has warned that recent swings on Wall Street are becoming ominously similar to the market sentiment that preceded the 2008 Lehman crash and subsequent financial crisis.