CV Market Watch™: Weekly Crypto Trading Overview (September 6-13, 2019)

(BTC) kept up the pace this week, with volumes around $17 billion in 24 hours. Altcoins remain depressed, though giving off signals for a potential rally.

Bitcoin (BTC) traded at $10,326.40 ahead of the weekend, recovering from Thursday’s dip toward $10,000. Trading volumes thinned out toward the end of the week, sinking to $15 billion, lower than the usual on most days.

The share of Tether (USDT) sank toward 65%, as trading slowed down. BTC dominance shrank to 69.5% mid-week, then recovered to 70.4% on Friday, as altcoins still can’t manage to take off.

(ETH) hovers sideways, despite the rapid inflows of USDS on the Ethereum network. The ETH market price is at $179.63, briefly breaking above $180, with only a 2% net gain this past week.

XRP (XRP) remains at $0.25, despite the recent news of potential selling from and former partner Jed McCaleb. XRP also faces a new proje…

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