Bitcoin (BTC) was the leading asset in the past seven days, as altcoins were sold off faster and made deeper losses. This lifted the market capitalization dominance of BTC to above 55% at one point, though later in the week the share fell to 52.3%.
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Bitcoin (BTC) had a brief crash below $6,000, but recovered after a series of interventions by the Tether treasury. BTC stands at $6,492.82, barely half a percent up in the past week, as the chief aim was to defend the $6,000 price.
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BTC is now 68% down from its peak, and sees its chief support from USDT trading. USDT pairs took up more than 52% of all BTC trades, as data from CryptoCompare show. BTC trading volumes are again around $4.7 billion, as the leading coin has entered a sideways drift.
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