NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

CV Market Watch™: Weekly Crypto Trading Overview (April 26 - May 1, 2019)

Published 05/03/2019, 09:53 AM
Updated 05/03/2019, 11:03 AM
CV Market Watch™: Weekly Crypto Trading Overview (April 26 - May 1, 2019)
BTC/USD
-
XRP/USD
-
ETH/USD
-

Bitcoin (BTC) rallied above $5,500 ahead of the weekend, sparking hopes of prices reaching $6,000 soon. In the past week, altcoins suffered while BTC managed to keep its position.



Bitfinex Missing Funds Could be in the Hands of the US Government

Bitcoin (BTC) reached a sudden peak of $5,863.14 on Friday, adding more than 7% in the past day on a sudden spike of $300 within hours. The spike follows predictions of a rally to $6,000 arriving soon. The Tether (USDT) premium is just $200, meaning BTC prices are fairly even across the board.

The Friday rally arrived on volumes of $17 billion, of which more than 76% were in the USDT pair. The dominance of BTC reached above 55% for the first time in months, suggesting the leading coin is on the move ahead of other assets.



Fidelity Survey Shows Institutional Investors Warming Up to Crypto Assets

Ethereum (ETH) spiked to $169.60 on Friday, up more than 8% net this week, on the back of the BTC rally. The Ethereum network is still a central feature in the crypto space, despite the criticisms.

XRP (XRP) returned to its usual level of $0.31, remaining one of the laggers on the market. Still, NASDAQ trading screens will now add XRP information to the data about other leading assets, targ...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.