CV Market Watch™: Weekly Crypto Trading Overview (August 23-30, 2019)

(BTC) crashed on Thursday, losing the $10,000 tier, and stopping the fall at around $9,500. The loss came as a dramatic 30-minute flash crash, wiping out more than $600.

Bitcoin (BTC) hovered above $10,100 for most of the week, but crashed late on Thursday. The asset slid to the $9,500 range, and recovered to $9.600.95 ahead of the weekend. BTC prices are at a crossroads, potentially seen as falling under the $9,000 tier.

The share of Tether (USDT) expanded from around 65% to above 75% as the sell-off meant the stablecoin became a safe haven. USDT activity is near its peak, signifying the importance of the asset for prices across the board. The BTC market cap dominance is at 69.1% as altcoins were shaken down deeper by the recent sell-off.

Ethereum (ETH) crashed deeply this week, abandoning all h…

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