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CV Market Watch™: Weekly Crypto Trading Overview (May 17-24, 2019)

 CV Market Watch™: Weekly Crypto Trading Overview (May 17-24, 2019)
CV Market Watch™: Weekly Crypto Trading Overview (May 17-24, 2019)

(BTC) struggled to maintain the $8,000 range this week, also breaking up the rallies of various altcoins. Only separate assets managed to keep up the pace while leading coins retreated somewhat.

Bitcoin (BTC) saw deep crashes this week, going down from the $8,000 range down to the $7,600 level. On Friday, the asset traded at $7,995.41, showing the potential for a relatively fast recovery. Volumes have received a permanent boost, remaining above $24 billion’s equivalent in 24 hours.

The share of Tether (USDT) trading once again inched above 75%, down from lows of 62% in the past weeks. The share of dollar-based fiat trading has fallen again toward 10%. Trading activity has returned to Coinbase and Kraken, as well as Bitfinex and Bitstamp as the leading exchanges ahead of the weekend.

(ETH) had another strong week, recovering on Friday for a net 5% gain over the period. ETH traded at $251.54, bouncing by 6% in the past day. ETH reached a weekly peak at $262.11.

(XRP) remained steadily in position 3 based on market cap, retreating from recent peaks above $43. XRP is…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: investing.com
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