💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

CV Market Watch™: Weekly Crypto Trading Overview (October 11-18, 2019)

Published 10/21/2019, 03:54 AM
Updated 10/21/2019, 05:21 AM
CV Market Watch™: Weekly Crypto Trading Overview (October 11-18, 2019)
BTC/USD
-
ETH/USD
-

Bitcoin (BTC) dipped below $8,000 on two occasions this week, but Friday’s sell-off threatens to deepen the losses. BTC is seen as headed lower before a bigger bounce. The price looked shaky, though late on Sunday, a relief rally returned BTC to the $8,200 range.



NEM (XEM) Rises on News of Catapult Tokens Launch

Bitcoin (BTC) slid closer to $8,000 this week. Ahead of the weekend, BTC traded at $7,961.82, on volumes around $15 billion’s equivalent in 24 hours.

The share of Tether (USDT) expanded to above 70% in the recent sell-off. BTC’s market cap dominance shrank to 66.1%, as the coin awaits a turbulent drop as a probable scenario for the last quarter of 2019.



Monero (XMR) Rises Ahead of Scheduled Proof-of-Work Shift

Ethereum (ETH) moved downward this week, as it failed to appreciate to compensate for the BTC weakness. The project keeps seeing criticisms on its scalability and the potential conflict with miners. ETH slid by 7% this week ...

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.