Bitcoin (BTC) remains highly unstable, and is creating expectations of dramatic moves below the $3,000 range. BTC expanded its year-on-year loss to greater than 80% as the markets face pessimism and a lack of fresh investment.
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Bitcoin (BTC) Regains Trading Dominance as Market Prices Fall |
Bitcoin (BTC) had a relatively small selling episode on Thursday, and pushed down to the $3,300 range. BTC was down to $3,312.66 ahead of the weekend, on trading volumes above the equivalent of $4.3 billion. However, most of those trades were against Tether (USDT). On Thursday, the share of USDT/BTC trading was more than 71%, shrinking to 66% ahead of the weekend, but still a higher fraction than the usual 50% range.
As the end of the year approaches and the expected rally did not materialize, more pessimism surrounds digital assets. The last quarter of 2018 proved precarious for stock prices as well, giving signs of a general freeze of easy liquidity and investment exuberance. 2019 is expected to see a further slowdown in crypto trading. At the same time, BTC increases its dominance, at above 54%, while altcoins see steeper drops.
XRP (XRP) settled around $0.29, after losing a small 1.8...
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