Etherium News

CV Market Watch™: Weekly Crypto Trading Overview (June 7-14, 2019)

© Reuters.   CV Market Watch™: Weekly Crypto Trading Overview (June 7-14, 2019)
© Reuters. CV Market Watch™: Weekly Crypto Trading Overview (June 7-14, 2019)

(BTC) recovered from the crash under $8,000, once again with a dramatic appreciation that observers linked to a sudden spike in Bitfinex activity, coinciding with new Tether (USDT) issues.

Bitcoin (BTC) recovered to $8,298.83, growing by around 4% from last week’s lows. The price moves of BTC once again consist of rapid crashes, stagnant sideway movements and periodic rapid recovery. Trading inched up to around $19 billion’s equivalent in 24 hours.

The share of Tether (USDT) trading remains high at around 73% of BTC activity. More USDT printings happened in the past week, potentially injecting activity into BTC, as the total supply of the stablecoin is now above 3.4 billion, with additional coins on other networks.

(ETH) stagnated at $255.96, after competing for liquidity with (LTC). Still, ETH remains one of the most liquid tokens, with trading volumes above $8.6 billion’s equivalent.

(XRP) retreated to $0.39, losing about 4% of its price after BTC once again re-established its dominance. XRP also fel…

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.

View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button