CV Market Watch™: Weekly Crypto Trading Overview (April 26 - May 1, 2019)

Cryptovest

Published May 03, 2019 09:53AM ET

Updated May 03, 2019 11:03AM ET

CV Market Watch™: Weekly Crypto Trading Overview (April 26 - May 1, 2019)

Bitcoin (BTC) rallied above $5,500 ahead of the weekend, sparking hopes of prices reaching $6,000 soon. In the past week, altcoins suffered while BTC managed to keep its position.



Bitfinex Missing Funds Could be in the Hands of the US Government

Bitcoin (BTC) reached a sudden peak of $5,863.14 on Friday, adding more than 7% in the past day on a sudden spike of $300 within hours. The spike follows predictions of a rally to $6,000 arriving soon. The Tether (USDT) premium is just $200, meaning BTC prices are fairly even across the board.

The Friday rally arrived on volumes of $17 billion, of which more than 76% were in the USDT pair. The dominance of BTC reached above 55% for the first time in months, suggesting the leading coin is on the move ahead of other assets.



Fidelity Survey Shows Institutional Investors Warming Up to Crypto Assets

Ethereum (ETH) spiked to $169.60 on Friday, up more than 8% net this week, on the back of the BTC rally. The Ethereum network is still a central feature in the crypto space, despite the criticisms.

XRP (XRP) returned to its usual level of $0.31, remaining one of the laggers on the market. Still, NASDAQ trading screens will now add XRP information to the data about other leading assets, targ...