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CV Market Watch™: Weekly Crypto Trading Overview (June 14-21, 2019)



(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…

This article appeared first on Cryptovest

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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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