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CV Market Watch™: Weekly Trading Overview (28 September - 5 October)

Published 10/05/2018, 12:35 PM
Updated 10/05/2018, 01:41 PM
 CV Market Watch™: Weekly Trading Overview (28 September - 5 October)
BTC/USD
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ETH/USD
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XRP/USD
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The past week was spent with relatively stagnant prices and expectations of seeing Bitcoin choose a direction soon.

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Bitcoin (BTC) hovered around the level of $6,500, down 1.39% this week, to $6,589.16, creating unease about the coin’s future direction. The market seeks indications of a larger move, but for now, trading remains subdued.

!Bitcoin!

Last week saw one small injection of USDT, with 10 million tokens going into Bitfinex. BTC volumes slid to $3.7 billion’s equivalent, and BTC now has 52.2% weight in the total market capitalization of the crypto market.

SBI’s Money Tap Pushes XRP Price

Ethereum (ETH) also reduced its volatility, and for now is keeping above the $220 level. ETH traded at $223.28, down 1.43% this week. ETH sees decreasing e...


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