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CV Market Watch™: Weekly Crypto Trading Overview (July 26 – August 1, 2019)

(BTC) went through a threatening move last weekend, weakening to the $9,400 level and causing fright it would continue on a downward spiral. But BTC managed to survive, spiking above the $10,000 mark on Thursday.

Bitcoin (BTC) reached up to $10,496.89 ahead of the weekend, overcoming the low sentiment this past week. The asset grew more than 7% net since last Friday, despite the mid-week volatility.

The share of Tether (USDT) remained relatively flat around 69% of all trading, as BTC volumes slid toward $16 billion’s equivalent in 24 hours. In the past week, USDT trading surpassed the volume for BTC, as August brought a further slowdown of activity. Still, BTC shows that the $10,000 level is defended.

(ETH) turned four this past week, and even its stagnant price is a stunning progress over the positions during the IEO. ETH traded at $220.24, seeing decentralized finance as a potential boost to prices and activity.

(XRP) remained pressured at $0.31, despite the news of SBI Holdings launching its general public crypto exchange, which would immediately car…

This article appeared first on Cryptovest

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