NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

CV Market Watch™: Weekly Crypto Trading Overview (September 13-20, 2019)

Published 09/20/2019, 07:20 AM
Updated 09/20/2019, 08:41 AM
 CV Market Watch™: Weekly Crypto Trading Overview (September 13-20, 2019)
BTC/USD
-
XRP/USD
-
ETH/USD
-

Bitcoin (BTC) does not stray far from the $10,000 level, though the leading coin retreated toward $9,800 seemingly without warning in a flash crash. BTC spent a big part of the week on this lower tier, causing fears of another crash, but toward the weekend recovered the $10,000 level.



Fed Cuts Interest Rate, Will Bitcoin (BTC) Benefit?

Bitcoin (BTC) moved up to $10,165.74 after a rapid climb on Friday, shrinking its weekly loss to just 2.63%. BTC crossed the $10,000 tier in the early hours on Friday. Fear remains the prevailing sentiment, but BTC is also rising in anticipation of the upcoming Bakkt futures exchange launch.

The share of Tether (USDT) rose slightly to 67.4%. BTC trading volumes were established around $17 billion’s equivalent, once again outpaced by USDT with more than $20 billion in daily turnover.



Ethereum (ETH) Fees Go Even Steeper

Ethereum (ETH) seemed to reawaken, gaining more than 20% this week to $216.55, though at one point crossing the $220 tier. ETH is seen as potentially undervalued, and started to appreciate after the Ethereum network started to carry half of the supply of USDT.

XRP (XRP) rose to above $0.30, adding more than 15% to its price. Ahead of the weekend, XRP retreated slight...

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.