CV Market Watch™: Weekly Crypto Trading Overview (December 6-13, 2019)
Cryptovest
Published Dec 13, 2019 09:57AM ET
Updated Dec 13, 2019 11:02AM ET
CV Market Watch™: Weekly Crypto Trading Overview (December 6-13, 2019)
Bitcoin (BTC) fell below the $7,300 support level, establishing a new tier just above $7,200. The move downward took a few days, and signalled the return to bearish attitudes.
Bitcoin (BTC) Dipped Under $7,200 as Bearish Attitudes Return |
Bitcoin (BTC) fell to lows around $7,170 this week, but did not enter a downward spiral. BTC is once again locked in a range, and traded at $7,244.45 on Friday. BTC saw its volumes weaken to around $15 billion during less active days, returning to above $17 billion ahead of the weekend.
The share of Tether (USDT) decreased to 70%, with futures markets adding to the price discovery. BTC dominance decreased to 66.6% as some altcoins staged short-term rallies.
This article appeared first on Cryptovest |
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Written By: Cryptovest
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