Bitcoin Recovers to Trade Above $8,000, Oil Market Reports Losses

Monday, June 10 - The top 20 cryptocurrencies on CoinMarketCap are showing mixed signals, with bitcoin back over the $8,000 price mark after seeing a dip under $7,900 on June 8.

As of press time, bitcoin is up 2.18% on the day to trade at around $8,029.

On its weekly chart, the coin has lost slightly over 8%. Bitcoin price analyst Oliver Isaacs said last week that the coin could hit $25,000 around the end of 2019, noting that there are many different factors behind this price resurgence.

The second-largest crypto by market capitalization, ether, has registered moderate growth of 0.97% over the past 24 hours and is trading at around $244.6.

The leading altcoin has seen minimal volatility over the past week to lose $20 in value, posting around a 9.35% loss.

XRP has lost almost 2% of its value over the last 24 hours and is currently trading at around $0.399.

Litecoin is currently the top gainer, having recorded an almost 7% increase on the day to trade at around $124.9.

On the top 20 list, binance coin, bitcoin SV, stellar, tron, and cosmos are reporting losses between 0.03% and 1.58%. Total market capitalization of all digital currencies is over $254 billion at press time.

The market's intraweek low was around $242 billion on June 5, while the highest point on the week was $272 billion on June 4.

Chinese markets have seen a rise following a higher-than-expected trade surplus in May, CNBC writes.