CV Market Watch™: Weekly Crypto Trading Overview (November 29 – December 6, 2019)

(BTC) moved between $7,000 and $7,500 for most of last week, with a rogue rally above $7,700. But the peaks did not have a cascade effect, and so far BTC remains stagnant.

Bitcoin (BTC) went through another volatile week, heading for the end of 2019 with prices about 50% below the yearly high. BTC traded at $7,409.82 on Friday, after sinking to a weekly low under $7,200. Trading volumes inched down to $17 billion in 24 hours, signalling a loss of activity.

The share of Tether (USDT) remained around 75%, as activity switched to futures markets. The BTC market cap dominance remained around 69.9%. BTC has narrowly avoided a critical bearish scenario, but there is not enough support for a bull rally.

(ETH) rose to as high as $159, but sank again to $147.87. Interest in DeFi dropped, as the coin became more volatile. The Istanbul h…

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