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CV Market Watch™: Weekly Crypto Trading Overview (March 1 - 8)

Published 03/11/2019, 05:01 AM
Updated 03/11/2019, 06:22 AM
CV Market Watch™: Weekly Crypto Trading Overview (March 1 - 8)
BTC/USD
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ETH/USD
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LTC/USD
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Bitcoin (BTC) climbed above $3,900 on Friday, setting expectations for a weekend rally. Altcoins managed to post stronger gains, with separate weekly growth spurts doubling the prices of a handful of assets.



Enjin Coin (ENJ) Surge Sparks Altcoin Season Talk

Bitcoin (BTC) added a slim 1.35% last week, trading at $3,924.09 ahead of the weekend. It appears to be staging another rally above the $3,800 range, with the usual pattern of appreciating on weekends due to low volumes.

In the past week, the share of Tether (USDT) increased to as much as 79% of all BTC activity and hovered around 77% on Friday. This ratio shows that the stablecoin is the chief source of liquidity on crypto markets, affecting both BTC and altcoins. BTC volumes remain high at the equivalent of $9.9 billion, twice the usual level of $5 billion that persevered for months. This time, however, BTC is even more dependent on USDT.



Why is Litecoin (LTC) Price Surging in 2019? Can it Sustain the Momentum?

Ethereum (ETH) stagnated after the completion of the Constantinople hard fork alt...

This article appeared first on Cryptovest

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