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CV Market Watch™: Weekly Crypto Trading Overview (June 14-21, 2019)

Published 06/21/2019, 07:01 AM
Updated 06/21/2019, 08:21 AM
CV Market Watch™: Weekly Crypto Trading Overview (June 14-21, 2019)

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.



Facebook’s Libra Blockchain Runs in Testnet; Only Founding Members Can Produce Blocks

Bitcoin (BTC) traded at $9,786.72 on Friday, once again revving up as the weekend approached. BTC is up more than 17% in the past week, still proving that upward volatility is possible.

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.



Devs Set Ethereum 2.0 (ETH) Launch Date for January 3, 2020

Ethereum (ETH) was one of the big movers this week, following the announcement of Ethereum 2.0 getting a set date for its launch. ETH traded at $289.34, up 8% in a single day, and adding more than 12% to its price in the past week. ETH has received increasing...

This article appeared first on Cryptovest

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