The past week contained signs of re-awakening on the crypto market, with pumps starting to get serious during the past workweek. The markets avoided another sell-off, and saw a big dose of optimism.
Bitcoin (BTC) continued with another week of positive sentiment, as dollar investments returned. BTC traded at $6,721.88 on Friday as of 12:00 UTC, with a big jump from the $6,500 range. The week saw lows of $6,257.52 and Friday’s climb marked the peak. BTC quickly shook off the freeze in Tether (USDT) transactions on Monday, as well as the news of the Zaif exchange hack. BTC added 3.25% since last Friday, despite the relatively large range of trading of as much as $500.
!Bitcoin!
BTC now dominates 52.5% of the total market capitalization of crypto assets, down from 55%, as XRP and other altcoins started a new boom cycle. Trading volumes were above $5.5 billion on Friday, with the share of USD trading expanding to above 27%, and the influence of USDT sinking to about 45% from peaks of above 58% this past week. Bitcoin saw continued bullish sentiment, though the gains were more subdued compared to altcoins.
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