The crypto market had another heavy shakedown in which Bitcoin (BTC) slid and led to a crash in altcoins. BTC prices moved down from their stagnant positions around $6,400 and crashed into the $5,300-$5,400 range at the lowest.
Bitcoin (BTC) moved from minimal change to high volatility without warning. BTC was down 12.36% this week, though only after recouping some losses. Ahead of the weekend, the leading coin started a recovery, reaching $5,612.68.
The share of USDT trading expanded reached a temporary peak during the sell-off on November 14, reaching about 60% of volumes, as traders sought a safe haven. Volumes peaked above the equivalent of $8 billion. The Bitcoin network also saw a significant transaction load, as the hashrate moved away to support the Bitcoin Cash competition of alternative chains.
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XRP (XRP) regained second place by market capitalization, following significant price weakness in Ethereum (ETH). XRP’s losses were only 5.85% this week, trading around $0.47, as the launch of xRapid in October...
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