(BTC) continued its recovery, avoiding a sell-off this week. The asset quickly broke above the $9,000 level, and later went on above the $9,700 mark, sparking hopes for a bigger rally.
Bitcoin (BTC) traded at $9,786.72 on Friday, once again revving up as the weekend approached. BTC is up more than 17% in the past week, still proving that upward volatility is possible.
The share of Tether (USDT) trading receded to around 63% BTC activity. Currently, the supply of USDT is on the increase, to more than 3.57 billion coins. BTC trading volumes were moderately lower, to around $17 billion in 24 hours. In the past week, BTC appreciation took its market capitalization dominance to above 58%, as altcoins lagged or sank lower.
Ethereum (ETH) was one of the big movers this week, following the announcement of Ethereum 2.0 getting a set date for its launch. ETH traded at $289.34, up 8% in a single day, and adding more than 12% to its price in the past week. ETH has received increasing…
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Source: investing.com
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