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

Published 08/02/2019, 07:12 AM
Updated 08/02/2019, 08:21 AM
CV Market Watch™: Weekly Crypto Trading Overview (July 26 - August 1, 2019)
BTC/USD
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XRP/USD
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ETH/USD
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Bitcoin (BTC) went through a threatening move last weekend, weakening to the $9,400 level and causing fright it would continue on a downward spiral. But BTC managed to survive, spiking above the $10,000 mark on Thursday.



Bitcoin (BTC) Recovers: 5 Reasons for Going Above $10,000 Again


Bitcoin (BTC) reached up to $10,496.89 ahead of the weekend, overcoming the low sentiment this past week. The asset grew more than 7% net since last Friday, despite the mid-week volatility.

The share of Tether (USDT) remained relatively flat around 69% of all trading, as BTC volumes slid toward $16 billion’s equivalent in 24 hours. In the past week, USDT trading surpassed the volume for BTC, as August brought a further slowdown of activity. Still, BTC shows that the $10,000 level is defended.



Fed Cuts Interest Rate, Bitcoin (BTC) May Get a Boost


Ethereum (ETH) turned four this past week, and even its stagnant price is a stunning progress over the positions during the IEO. ETH traded at $220.24, seeing decentralized finance as a potential boost to prices and activity.

XRP (XRP) remained pressured at $0.31, despite the news of SBI Holdings launching its general public crypto exchange, which would immediately car...

This article appeared first on Cryptovest

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