Crypto Trading Overview: Weekly BTC & Altcoin Insights

Published on July 5, 2019 by Cryptovest Staff

Bitcoin remained volatile, crashing under $10,000, then recovering the $11,700 level.

Bitcoin (BTC) had a harsh week with lots of questions, as the price tanked as low as $9,700 on a mass sell-off on Monday. BTC once again had a volatile weekend where it spiked above $12,000, only to lose support. Later, BTC climbed back above the $11,000 tier.

Bitcoin (BTC) on Verge of Breaking Mining Record

Bitcoin (BTC) retreated to $11,300 on Friday, down from the $11,700 level reached late on Thursday. BTC remained volatile but kept most of the gains made in June.

Binance Crypto Exchange Switches to Ethereum-Based Tether (USDT)

Ethereum (ETH) broke below the $300 level, reaching a weekly low at $272.60. On Friday, the asset held at $293.60, losing around 3% this week. Possibly, ETH could get a boost from the increasing supply of Ethereum-based USDT, which has grown to 1.2 billion coins. More stablecoins may add extra liquidity to the ETH markets and boost trading and price action.

XRP (XRP)

XRP (XRP) crashed by 7% this week to $0.38, failing to make a difference as the asset moves on its own logic. XRP is still potentially pressured by sales from large-scale holders.

Litecoin (LTC)

Litecoin (LTC) inched up to $120.12, becoming one of the few gainers