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CV Market Watch™: Weekly Crypto Trading Overview (July 12-19, 2019)



(BTC) had a bearish week, where indicators turned and the asset left its parabolic trend. BTC retreated toward $9,300 in a series of flash-crashes. But just as suddenly, the price recovered by $1,000 late on Thursday, to the $10,500 level.

Bitcoin (BTC) traded at $10,351.91 as of 12:30 UTC on Monday, abandoning the earlier trek to above $10,600 and above. The prices consolidated, on volumes around $24 billion’s equivalent.

The share of Tether (USDT) is just under 60% of all BTC trades. However, the supply of USDT is constantly growing. The BTC price dominance is at 65.7%, as altcoins are fighting to improve their positions.

(ETH) sank briefly under $200 this week, a…

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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