In crypto news today (June 8), the market has rallied slightly over the weekend, with Bitcoin trading back above $63,000 on this Monday after a +1.6% overnight pump. This brief rally has also seen liquidations slow, with the 24-hour figure at just $630M, down from $1-2Bn last week.
Ethereum has bounced even harder, surging +4% in the past 24 hours, trading at $1,670. While encouraging, this still leaves it needing a near-20% pump to reclaim $2,000.
ETF flows continue to lean bearish, with last Friday closing the week with a -$325M, leaving the various Bitcoin ETF products, although Ethereum fared slightly better, with just -$6M sold via ETFs.
The Fear & Greed Index is back at near-all-time lows, sitting at 8/100, marking ‘Extreme Fear’ and one of its lowest levels since early May 2026, highlighting how fearful market participants are currently.
Crypto News Today: HTX, the Justin Sun-Backed Crypto Exchange, Halts Trading of Trump Family Stablecoin
A major crypto exchange, HTX, which is backed by Tron founder and entrepreneur Justin Sun, has delisted USD1, the stablecoin associated with the Trump family. The decision came after the exchange claimed that World Liberty Financial had wrongfully frozen its on-chain addresses.
On Saturday, HTX announced on X that the World Liberty Financial (WLFI) project team had “unilaterally” frozen specific HTX on-chain addresses due to sanctions compliance reviews. As a result, the circulation of certain WLFI assets associated with those addresses has been restricted. HTX emphasized that the delisting of USD1 was done to protect users’ assets.
Announcement on the Delisting of USD1 (USD1) and Conversion of User Assets to USDT on HTX
As USD1 is an asset issued by the WLFI project team, and in order to mitigate potential risks, safeguard user assets, and maintain a fair trading environment, HTX will delist USD1 at 03:00… https://t.co/pkYx4bT9rl
— HTX (@HTX_Global) June 6, 2026
Liquidations Flip Short – Is the Market Showing Signs of a Recovery?
In other crypto news, after last week, which saw 24-hour periods during which over $1.5Bn in long trades were liquidated, the script has seemingly flipped. Not only has the daily volume of liquidations dropped to just $629M, but of that figure, only $160M is from longs, while over $468M is from shorts.
This is notable as it potentially shows that it is now bears being punished, rather than bulls. If this trend continues deeper into the week, it could signal part of a wider recovery across crypto as Bitcoin attempts to reclaim $65,000 while Ethereum tries to get back above $2,000.
Bitcoin News Today: BTC Back Above $63K as Saylor Hints at a Fresh Buy
In Bitcoin news today, the asset crashed to $59,100 on June 5, its lowest print of 2026, and the reason it happened matters more than the number itself. In a single 24-hour window, 351,233 traders were liquidated across crypto markets, wiping out $1.75Bn in positions.
However, over the weekend, the Bitcoin price recovered to over $63,000, with early signs pointing to a potential rally, though whether it can be sustained remains to be seen.
Read the full story here.
Can $1.10 XRP Price Hold or is $0.90 Coming Next for Ripple?
The XRP price is back above $1.10, and traders are watching closely to see whether this recovery has legs or is just a temporary bounce. The coin is trading at $1.14, flat on the day, with over $2.1Bn in trading volume and a market cap of $70Bn. The more interesting question is what happens next at the resistance levels stacking up above the current price.
The recovery began after XRP held firm above $1.050, giving bulls a base to work from. Buyers then pushed the price through $1.10 and cleared a bearish trendline on the hourly chart that had been acting as a ceiling.
Read the full story here.
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