CV Market Watch™: Weekly Crypto Trading Overview (December 13-20, 2019)

(BTC) fell through several layers of support, sinking closer to $6,500, but bouncing soon after the lows were reached. BTC re-established stability above $7,000, through fearful attitudes remain.

Bitcoin (BTC) had another week of price swings, crashing in the first half to lows above $6,545. But within a day, BTC returned to levels close to $7,200. On Friday, the leading coin traded at $7,214.26, with volumes above $22 billion’s equivalent in 24 hours.

The share of Tether (USDT) slid further to 60%, as the altcoin moved into futures markets, lending, and altcoin markets. BTC futures become more influential for price discovery. BTC expanded its dominance to 68%, also achieving robust volumes above $32 billion’s equivalent during the mid-week rally.

Ethereum (ETH) crashed to a lower level as altcoins suffered a sell-off. ETH slid as low as $123, before recovering the $128.99 level, still down around 10% on a weekly basis. ETH…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.