CV Market Watch™: Weekly Crypto Trading Overview (August 31-September 6, 2019)
Bitcoin (BTC) languished only shortly around the $9,500 bottom, quickly regaining positions above $10,000 in a fast move, as usual. The BTC price growth, for now, continues to depress altcoins, which are failing to attract renewed interest.
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Bitcoin (BTC) recovered its recent losses, trading at $10,861.33, with an almost constant upward movement on Friday. The asset bounced strongly from last week’s crash, adding more than 13 % week-on-week.
The share of Tether (USDT) remains above 75% of all BTC volumes, pushing up the price after another printing of 15 million USDT and more coins sent to exchanges. The BTC price dominance expanded to 71.15, levels not seen since the altcoin rally in the summer of 2017.
| Binance Launches Native Dollar-Backed Stablecoin |
Ethereum (ETH) recovered to $177.65 on the back of BTC, adding around 4% this week, but accelerating its gains on Friday.
XRP (XRP) continues to face doubts that Ripple is depressing the…
Source: investing.com
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