Weekly Crypto Trading Overview (November 8-15, 2019) By Cryptovest

(BTC) unraveled further, stopping at $8,800 for most of the week before sliding toward $8,600. The leading coin decreases its dominance, while altcoins either stay stable or make gains.

Bitcoin (BTC) moved down to $8,693.45 on Friday, as prices slid for most of the week. BTC now looks like crossing into another territory where a new bottom would be established, with predictions of a return to $7,300.

The share of Tether (USDT) remained around 75%, while BTC shrank its dominance to below 66%. Trading volumes slid to around $18 billion’s equivalent in 24 hours, as sinking liquidity chipped away at the confidence.

(ETH) remained stable this week, returning to $184.06 on Friday, after a hike above $187. ETH is getting a boost from ERC-20 USDT on its network, as well as DeFi use cases.

(XRP) went on a downward trend after the S…

This article appeared first on Cryptovest

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