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CV Market Watch™: Weekly Crypto Trading Overview (November 29 - December 6, 2019)

Published 12/06/2019, 08:54 AM
Updated 12/06/2019, 10:21 AM
CV Market Watch™: Weekly Crypto Trading Overview (November 29 - December 6, 2019)
BTC/USD
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ETH/USD
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Bitcoin (BTC) moved between $7,000 and $7,500 for most of last week, with a rogue rally above $7,700. But the peaks did not have a cascade effect, and so far BTC remains stagnant.



Bitcoin (BTC) True Capacity: $8.9B an Hour

Bitcoin (BTC) went through another volatile week, heading for the end of 2019 with prices about 50% below the yearly high. BTC traded at $7,409.82 on Friday, after sinking to a weekly low under $7,200. Trading volumes inched down to $17 billion in 24 hours, signalling a loss of activity.

The share of Tether (USDT) remained around 75%, as activity switched to futures markets. The BTC market cap dominance remained around 69.9%. BTC has narrowly avoided a critical bearish scenario, but there is not enough support for a bull rally.



Bitcoin (BTC) Price Hike Due to OKEx Buyer

Ethereum (ETH) rose to as high as $159, but sank again to $147.87. Interest in DeFi dropped, as the coin became more volatile. The Istanbul h...

This article appeared first on Cryptovest

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