On Sunday, June 8, the price of Bitcoin exceeded the $106,000 mark, with a modest daily gain of 0,4%. Interestingly, along with this, coins such as ravencoin, spx6900 and internet computer showed double-digit growth.
Overall, the cryptocurrency market rose 0,84% on the day, bringing its total value to $3,32 trillion. It gained 1% last week and is up 3,7% over the past 30 days. Ravencoin (RVN) is particularly notable against this backdrop, adding 47,4% in just one week.
Next up is meme coin spx6900 (SPX), which has gained 27,23% over the same period. Compound (COMP) and internet computer (ICP) followed closely behind, up 13,47% and 13,22%, respectively. Injectable (INJ) has gained 12,17%, while sky (SKY) has gained 11,87% over the past seven days. Sky’s token-mining partner (MKR) has also seen a weekly gain of 11,71%.
While some coins have soared, others have slid into the red with double-digit losses. For example, kaito (KAITO) has fallen 18,35% in the past week. FTX Linked token FTT lost 16,53%, while MATIC fell 12,59%. Stacks (STX) has lost 11,6% of its value since last Sunday, while jupiter (JUP) has fallen 11,1%. Virtuals protocol (VIRTUAL) has also fallen 10,2% over the past week. Rounding out the week’s declines, bittensor (TAO) has fallen 9,2% and official trump (TRUMP) has fallen 7,9% against the dollar.
Recent moves in the cryptocurrency market highlight the latest divergences among digital assets: Bitcoin maintains steady growth, and some altcoins are showing explosive growth. Despite some optimism, notable declines in some alternative tokens reveal their fundamental instability.
