Over the past week, Bitcoin once again became the dominant coin, with its influence spreading to as much as 58% of total market capitalization. This was also the week then Ethereum (ETH) dipped below $200.
|
Bragging Online About Crypto Holdings – a Bad Idea, Google (NASDAQ:GOOGL) Expert Says |
Bitcoin (BTC) saw positive sentiment from maximalists, especially as it established price dominance over the market. The prices managed to grow from recent lows, at $6,504.01 as of 6:30 UTC on September 15. In the past week, BTC reached a low at $6.197.51, and a peak at $6,596.10 on Friday. Over the past seven days, BTC prices inched up by just 0.5% net, despite the volatility.
!Bitcoin!
BTC sees no immediate bullish news on the horizon, except for expectations that altcoins would be sold and BTC prices propped up. There is a slight expansion of dollar volumes to 26% of all trades, but Bitfinex and trading against Tether (USDT) are among the most influential market factors for BTC. The market sentiment is that there is little room for renewed phenomenal price hikes of 1,000 times, and this is also weighing down on BTC. The end-of-year rally is seen as more improbable, and the scenario for another “crypto ice age” seems more probable.
|
Crypto News Weekly 14.09.18: Citibank into crypto, SEC gets heavy, no ... |
This article appeared first on Cryptovest
