CV Market Watch™: Weekly Crypto Trading Overview (September 27- October 4, 2019)
(BTC) bounced off the $7,800 lows and managed to keep above $8,000 in the past week, with a run-up to above $8,300. Still, there are indications of potentially subdued sentiment.
Bitcoin (BTC) traded at $8,186.56, after a brief Thursday crash under $8,300. BTC only briefly returned to lows at $7,830.76 before recovering. For the past week, the peak was at $8,497.69, showing that intraday volatility was still high.
The share of Tether (USDT) reached 66.92% of all BTC pairings, remaining relatively flat. Stablecoin inflows diminished in the past months, coinciding with either price slides or stagnation. The BTC market cap dominance fell to 67.4%.
Ethereum (ETH) stabilized in the past week, gaining 5.46% to $175.24. The slowdown in USDT movement through the Ethereum network slowed down activity. ETH got a slight…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
View original post