CV Market Watch™: Weekly Crypto Trading Overview (June 21-28, 2019) By Cryptovest

CV Market Watch™: Weekly Crypto Trading Overview (June 21-28, 2019)

Cryptocurrency Jun 28, 2019 11:01AM ET

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CV Market Watch™: Weekly Crypto Trading Overview (June 21-28, 2019)

Bitcoin (BTC) once again proved its pattern was to reach peak prices for a very short trading period, only to crash in an episode of dizzying volatility. BTC climbed to $13,800 within a day, only to crash to $10,500 on the same day.

Bitcoin (BTC) Goes Parabolic Above $13,000, Wipes Out Gains Soon After

Bitcoin (BTC) recovered to $11,888.36, up from lows around $10,500. BTC is now in extremely uncertain waters, with the possibility to either start rallying or to retreat to lower valuations.

The share of Tether (USDT) trading this week hovered around 58%, though each coin saw a robust turnover of above 10 times in 24 hours. BTC volumes peaked late on Thursday at $45 billion’s equivalent, an all-time record far outpacing any previously seen activity. Ahead of the weekend, volumes still reached $38 billion’s equivalent in 24 hours.

Tether (USDT) Price Breaks Below the Dollar Peg

Ethereum (ETH) managed to climb above the $300 mark, boosted by 1 billion USDT printed on the Ethereum network. Still, ETH retreated during the Thursday sell-off, ending the week with a small gain of 6.5% to $306.11. ETH became the only altcoin with noticeable weekly gains after the crash wiped out most altcoins.

XRP (XRP) attempted to stay in the spotlight by announcing a partnership aiming at compliance with the ...

This article appeared first on Cryptovest

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US 30	31,448.5	+10.2	+0.03%
US 500	3,899.2	-0.9	-0.02%
Dow Jones	31,438.26	-62.42	-0.20%
S&P 500	3,900.11	-11.63	-0.30%
Nasdaq	11,524.55	-83.07	-0.72%
S&P 500 VIX	26.95	0.00	0.00%
Dollar Index	103.700	+0.022	+0.02%

Crude Oil WTI	110.80	+1.23	+1.12%
Brent Oil	112.30	+1.32	+1.19%
Natural Gas	6.474	+0.024	+0.37%
Gold	1,827.15	+2.35	+0.13%
Silver	21.198	+0.011	+0.05%
Copper	3.7657	+0.0069	+0.18%
US Soybeans	1,546.75	+15.75	+1.03%

SPDR S&P 500	388.59	-1.49	-0.38%
iShares Russell 2000	175.74	+0.65	+0.37%
Invesco QQQ Trust	292.45	-2.16	-0.73%
Direxion Daily Junior Gold Miners Bull 2X Shares	40.66	-0.86	-2.07%
iShares Silver	19.49	-0.02	-0.10%
ProShares Ultra VIX Short-Term Futures	13.71	-0.68	-4.73%
ProShares UltraPro QQQ	27.32	-0.66	-2.36%

Apple	141.66	0.00	0.00%
Alphabet A	2,316.67	-42.83	-1.82%
Tesla	734.76	-2.36	-0.32%
Amazon.com	113.22	-3.24	-2.78%
Netflix	189.14	-1.71	-0.90%
Meta Platforms	169.49	-0.67	-0.39%
Bank of America	32.35	+0.04	+0.12%

CV Market Watch™: Weekly Crypto Trading Overview (June 21-28, 2019)

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