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CV Market Watch™: Weekly Crypto Trading Overview (May 10-17, 2019)

Published 05/20/2019, 03:12 AM
Updated 05/20/2019, 04:21 AM
 CV Market Watch™: Weekly Crypto Trading Overview (May 10-17, 2019)

Bitcoin (BTC) returned to volatility, extending the gains from support levels near $6,000. The leading coin easily broke above the $7,000 level last weekend and went on to regain the $8,000 tier for the first time in about 12 months. But following an old pattern, BTC also crashed quickly, wiping hundreds from its price.



Cryptopia Exchange Closes Indefinitely as Liquidation Investigation Starts

The current rally arrived with absolute record volumes of above $30 billion’s equivalent in 24 hours, peaking at above $33 billion. This time, the share of actual fiat in dollars increased to about 15% of volumes, while the share of USDT trading fell to about 62%. But it is still early to say if this means renewed investment interest, or another bout of concerted speculation using both dollars and stablecoins.



Ethereum (ETH) Price Continues Rising on Record Volumes But McAfee’s Dislikes It

This article appeared first on Cryptovest

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