CV Market Watch™: Weekly Trading Overview (3-10 August)
Cryptovest
Published Aug 10, 2018 10:52AM ET
Updated Aug 10, 2018 12:00PM ET
CV Market Watch™: Weekly Trading Overview (3-10 August)
Bitcoin (BTC) broke its bull run, swiftly falling below the $7,000 level to stop at around $6,300. The main reason was the delayed decision of the ETF proposed by the CBOE market operator, but the general pessimism also weighs down on the markets, sending digital assets down to levels similar to August 2017.
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VeThor (VTHO) Asset Continues to Crash, VeChain (VET) May Slide Below a Penny |
Bitcoin (BTC) started the week with a price reaching above $7,500, but the rise was wiped out in a series of flash crashes. Ahead of the weekend, BTC traded at $6,615.12, with a week low around $6,260.
!Bitcoin!
The share of Tether (USDT) once again indicated selling for a more secure asset, and has expanded to more than 54.67%. Japanese Yen trading slid to 10.52%, and US dollar volumes remained robust at 22.2%.
BTC trading volumes moved between $4 and $5 billion, and the weight of USDT trading increased across the board. In the past week, Bitcoin mining decelerated from a recent peak above 50 million TH/s, down to lows of 40 million TH/s, later recovering to 45 million TH/s.
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Chinese FOMO Lottery Keeps Grabbing at Ethereum Bandwidth |
Ethereum (ETH) has almost returned to the levels of...
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