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CV Market Watch™: Weekly Crypto Trading Overview (July 5-12, 2019)

 CV Market Watch™: Weekly Crypto Trading Overview (July 5-12, 2019)
CV Market Watch™: Weekly Crypto Trading Overview (July 5-12, 2019)

(BTC) remained extremely volatile, starting another rapid climbing trend on Monday where the price almost touched the $13,000 level. BTC established itself as the leader, dominating as much as 65.5% of the entire market capitalization for all digital assets. Most altcoins are sinking further, dashing the hopes for a rally.

Bitcoin (BTC) traded at $11,426.13 on Friday, with almost no gain against last week, though volatility moved the price between a weekly low at $11.148.50, and a high of $13,129.53.

The share of Tether (USDT) hovered close to 60%, as dollar-based trading also boosted the price. Trading is still highly dependent on Binance and a handful of crypto-only exchanges. BTC trading volumes remained near $30 billion’s equivalent, making the recent rally the most liquid in history.

(ETH) sank further under $300, despite the inflow of funds,…

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.

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