CV Market Watch™: Weekly Crypto Trading Overview (November 1-8, 2019)

5dc573315344d0000714bd41 700xauto

Bitcoin (BTC) touched $9,500 as a peak this week, before starting to slide down again. BTC was teetering on the verge of $9,000 on Friday.Bitcoin (BTC) traded at $9,033.71 on Friday, entering a continuous slide down from the $9,200 tier. BTC showed signs of diminishing volumes, and the recent hike above $10,000 at the end of October may be a temporary spike.The share of Tether (USDT) moved between 75% and 76% this week, though with significant outflows from exchanges. The market cap dominance of BTC remained at 66.8%, as BTC threatens to fall to a lower range.Ethereum (ETH) reached $184.84, up about 3% this week. The asset gets a boost from the growth of DeFi apps and holding ETH as collateral.XRP (XRP) crashed to $0.28, a serious slide for this asset, despite the hype surrounding the annual Swell conference.Bitcoin Cash (BCH) added about 3% to $266.09, as the coin grows…

Read the original article here