cryptocurrency

CV Market Watch™: Weekly Crypto Trading Overview (May 3 – 10, 2019) – Investing.com



(BTC) continued to rally despite potentially damaging news following a theft of coins from Binance.

Bitcoin (BTC) boomed on Friday, trading at $6,297.97, as trading volumes picked up above $18 billion in the past 24 hours. BTC managed to break the $6,000 level, despite predictions for another crash to new lows, with more suggestions that the second quarter of 2019 led to overcoming the bear market.

But the current BTC rally is happening with the support of Tether (USDT), which makes up around 75% of all BTC trades, occasionally rising to a share of 80%. The spike in BTC prices happens despite the fears about the solvency of Tether and Bitfinex.

Ethereum (ETH) attempted to revive, reaching a weekly high of $180.39, still unable to get closer to the $200 barrier. ETH traded at $173.20 ahead of the weekend, on volumes above $7 billion …

This article appeared first on Cryptovest

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