Etherium News

CV Market Watch™: Weekly Crypto Trading Overview (August 9-16, 2019)



(BTC) erased last week’s rally, breaking under the $11,000 and the $10,000 range within hours, in a mid-week sell-off. Altcoins continue to drift or further erase their positions, with short-term exceptions.

Bitcoin (BTC) recovered to $10,090.56, after dipping to the $9,500 range on Wednesday. The leading coin is down 14.45% since last Friday, as sentiment switched to “extreme fear”, a level comparable to the end of 2018 and the depth of the bear market.

The share of Tether (USDT) stabilized around 69%, as BTC volumes and transactions calmed down. BTC’s market dominance hovered above 68%, but so far fails to break above the 70% mark.

(ETH) is down to $184.68, leading the deeper correction of altcoins. ETH lost more than 13% since last week, despite still working as one of the most liquid altcoins.

XRP (XRP) fell through to $0.26, losing an…

This article appeared first on Cryptovest

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Source: investing.com
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