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…

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