Etherium News

CV Market Watch™: Weekly Crypto Trading Overview (June 28- July 5, 2019)



(BTC) had a harsh week with lots of questions, as the price tanked as low as $9,700 on a mass sell-off on Monday. BTC once again had a volatile weekend where it spiked above $12,000, only to lose support. Later, BTC climbed back above the $11,000 tier.

Bitcoin (BTC) retreated to $11,300 on Friday, down from the $11,700 level reached late on Thursday. BTC remained volatile but kept most of the gains made in June.

The share of Tether (USDT) remained around the 60% mark, and most of BTC trades were concentrated on Asian exchanges. Trading volumes hovered around $25 billion’s equivalent in 24 hours. The leading asset is down 3.2% this week, though its dominance over the market has grown to 62.3%.

(ETH) broke below the $300 level, reaching a weekly low at $272.60. On Friday, the asset held at $293.60, losing around 3% this week. Possibly, ETH could get a boost from the increasing supply of Ethereum-based USDT, which has grown to 1.2 billion coins. More stablecoins may add extra liquidity to the ETH markets and boost trading and price action.

(XRP) crashed by 7% this week to $0.38, failing to make a difference as the asset moves on i…

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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