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CV Market Watch™: Weekly Crypto Trading Overview (December 20-27, 2019)

Published 12/27/2019, 09:30 AM
Updated 12/27/2019, 10:41 AM
CV Market Watch™: Weekly Crypto Trading Overview (December 20-27, 2019)
BTC/USD
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XRP/USD
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BCH/USD
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ETH/USD
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Bitcoin (BTC) established its relative stability level once again close to $7,300. In the past week, the coin rose above $7,400 briefly, but did not continue with a decisive rally. The leading asset heads for the year-end with a tamer gain of about 100%, though so far giving up on a more significant rally.



Bitcoin (BTC), Crypto Projects Keep Facing Censorship from YouTube

Bitcoin (BTC) traded at $7,282.28, after hiking close to $7,400 without breaking out. BTC saw relatively active volumes around $25 billion in the past 24 hours, but the Bakkt futures trading slowed down. BTC marked a net loss in the past quarter so far, sinking from the $8,100 range in October, despite a brief hike to above $10,000. Now, BTC will have to choose a direction for 2020, as it is still not immune from bearish pressures toward $6,000.

The share of Tether (USDT) expanded to around 73% as activity picked up. BTC market cap dominance expanded again to 68.8%, as smaller altcoins sank, and Ethereum (ETH) deepend its downward trend.



Ethereum Co-founder Sold 90,000 ETH

Ethereum (ETH) is threatened by a continuing slide. The asset moved to $126.27, but remains depressed, with slower volumes toward the end of the year. The Ethereum network is preparing for a hard fork on January 1, to once again roll back the mining ice age.

XRP (XRP) remained unchanged at $0.19, heading for the year-end with a 50% net loss for 2019.

Bitcoin Cash (BCH) is at $193.40, adding 2.21% this past week. The asset is up just around $30 in comparison to pr...

This article appeared first on Cryptovest

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