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

(BTC) does not stray far from the $10,000 level, though the leading coin retreated toward $9,800 seemingly without warning in a flash crash. BTC spent a big part of the week on this lower tier, causing fears of another crash, but toward the weekend recovered the $10,000 level.

Bitcoin (BTC) moved up to $10,165.74 after a rapid climb on Friday, shrinking its weekly loss to just 2.63%. BTC crossed the $10,000 tier in the early hours on Friday. Fear remains the prevailing sentiment, but BTC is also rising in anticipation of the upcoming Bakkt futures exchange launch.

The share of Tether (USDT) rose slightly to 67.4%. BTC trading volumes were established around $17 billion’s equivalent, once again outpaced by USDT with more than $20 billion in daily turnover.

Ethereum (ETH) seemed to reawaken, gaining more than 20% this week to $216.55, though at one point crossing the $220 tier. ETH is seen as potentially undervalued, and started to appreciate after the Ethereum network started to carry half of the supply of USDT.

(XRP) rose to above $0.30, adding more than 15% to its price. Ahead of the weekend, XRP retreated slight…

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.

READ  Brazil Sends Out Questionnaire to Cryptocurrency Exchanges

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.





READ SOURCE

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here