CV Market Watch™: Weekly Crypto Trading Overview (July 5-12, 2019)

12 Jul 2019

CV Market Watch™: Weekly Crypto Trading Overview (July 5-12, 2019)

Bitcoin (BTC) remained extremely volatile, starting another rapid climbing trend on Monday where the price almost touched the $13,000 level. BTC established itself as the leader, dominating as much as 65.5% of the entire market capitalization for all digital assets. Most altcoins are sinking further, dashing the hopes for a rally.

Bitcoin (BTC) Price Heads for $13,000, Eating Up Altcoins in the Process

Bitcoin (BTC) traded at $11,426.13 on Friday, with almost no gain against last week, though volatility moved the price between a weekly low at $11.148.50, and a high of $13,129.53.

The share of Tether (USDT) hovered close to 60%, as dollar-based trading also boosted the price. Trading is still highly dependent on Binance and a handful of crypto-only exchanges. BTC trading volumes remained near $30 billion’s equivalent, making the recent rally the most liquid in history.

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Ethereum (ETH) sank further under $300, despite the inflow of funds,...

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