(BTC) failed to keep the gains this week, as prices plunged below the $8,000 range during a significant sell-off starting on Tuesday. This event completed another growth-and-crash cycles for BTC, though there are indicators the coming months may see further appreciation.
Bitcoin (BTC) traded at $7,980.32 on Friday, sparking hopes of another weekend rally. The asset reached a low in the $7,500 range on Tuesday, wiping out around 4% this week, but still holds hopes for a recovery.
Tether (USDT) trading slowed down to 65% of all volumes, as Coinbase increased the activity of dollar-based trading. Still, USDT may gain importance as the coin increased its supply by 400 million in the past month, and Asian exchanges boosted their holdings significantly. BTC dominance over the entire market capitalization remained around 55.5%, as altcoins achieved a balance, with only separate short-term rallies. BTC trading volumes somewhat slowed down to around $20 billion in 24 hours.
(ETH) stagnated at $249.45, losing around …
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
View original post
