CV Market Watch Weekly Trading Overview – 31 March – 6 April

Bitcoin (BTC) seems to spend more and more time below $7,000, with recoveries happening on certain days. Altcoins are charting a whole different path, with both weakness and attempts at recovery, and a new crop of post-ICO coins is displacing some of the assets.

Binance Coin Technical Analysis: (BNB/BTC) Looking For Support To Continue Breakout

Bitcoin(BTC) dipped toward $6,500 twice this week, and the recovery following did not take it too far above $7,000. On Friday, BTC was sinking again, down 2.3% to $6,651.03. Despite the bearish moods, Bitcoin’s price dominance over the markets is above 45% steadily, and the net weekly loss is just 5%. Trading volumes are also down to just $4.43 billion, underlining a declining interest.

Even USDT trading has dwindled to around 12% of volumes, and the sliding prices seem to have put off investors, who expected more of the quick appreciation in December and January.

VeChain Technical Analysis: (VEN/BTC) Looking To Consolidate After a Descending Wedge Pattern

Ethereum (ETH), usually commanding more than 11% of global trading volumes, dwindled in influence to just 9%, while trades moved into Bitcoin. ETH slides toward $300, with talk of $150 not an unusual possibility. ETH slid a net 3.8% this week, and hovered sideways at around $370.88. WIth altcoin trading decreasing, ETH performed one of its typical slides to much lower values.

Ripple (XRP) Analysis

Ripple (XRP)accelerated its decline to $0.47, losing more than 7% net this week. The coin, often supported by the potential for a listing on Coinbase, sank on news that its team attempted, but failed to buy a slot on the Gemini exchange and to be sold directly through the Coinbase app.

Bitcoin Cash (BCH, BCC) Analysis

Bitcoin Cash (BCH, BCC) continues to slide and receive criticism, this time with no attempts at pumps, promotions, or mining exploits, as its profitability has equalized with that of BTC in the longer term. BCH was among the bigger losers this week, wiping out more than 40% to $613.47.

Litecoin (LTC) Analysis

Litecoin (LTC) remained surprisingly stable during a volatile period, and has settled between $110 and $120. LTC inched down 3.8% net this week, to $115.29. The coin is not seeing news, but its community expands, and there are no rapid sell-offs, hence the relatively stable price. Trading volumes have returned to the levels of the summer months, at around $272,000.

EOS (EOS) Analysis

EOS (EOS) again looks like an anomaly, keeping close to the $6 range seen in its daily auctions, once