CV Market Watch™: Weekly Crypto Trading Overview (August 16-23, 2019)
Cryptovest
Published Aug 23, 2019 09:24AM ET
Updated Aug 23, 2019 10:41AM ET
CV Market Watch™: Weekly Crypto Trading Overview (August 16-23, 2019)
Bitcoin (BTC) crashed though the $10,000 level briefly, but evaded once again the scenario of sinking to a lower valuation. Altcoins stagnated and slid further, still unable to recover ground since the recent 30% downward correction.
Bitcoin (BTC) Dominates 90% of Adjusted Market Capitalization |
The share of Tether (USDT) shrank to about 65%, but the asset remains extremely important for BTC. The BTC rally lasted while USDT constantly increased its supply. Now that the USDT supply has stopped growing, BTC has stagnated around the $10,000 level. BTC volumes shrank to $15 billion’s equivalent ahead of the weekend. The market cap dominance for BTC remains around 68.4%.
This article appeared first on Cryptovest 
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Written By: Cryptovest Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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