CV Market Watch™: Weekly Crypto Trading Overview (June 14-21, 2019)
Cryptovest
Published Jun 21, 2019 07:01AM ET
Updated Jun 21, 2019 08:21AM ET
CV Market Watch™: Weekly Crypto Trading Overview (June 14-21, 2019)
Bitcoin (BTC) continued its recovery, avoiding a sell-off this week. The asset quickly broke above the $9,000 level, and later went on above the $9,700 mark, sparking hopes for a bigger rally.
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The share of Tether (USDT) trading receded to around 63% BTC activity. Currently, the supply of USDT is on the increase, to more than 3.57 billion coins. BTC trading volumes were moderately lower, to around $17 billion in 24 hours. In the past week, BTC appreciation took its market capitalization dominance to above 58%, as altcoins lagged or sank lower.
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