CV Market Watch™: Weekly Trading Overview (21-28 September)
The past week saw a spectacular climb from XRP, but Bitcoin once again remained king, with trading volumes returning to their regular levels above $5 billion.
Bitcoin (BTC) stabilized this week, with a small drop of 0.42% over the entire period. On Friday as of 12:00 UTC, BTC traded at $6,666.27, up 2.45% in the past 24 hours. Altcoins challenged the dominance of BTC, which hovered around 52.2%.
Bitcoin is generally stable after one last small injection of Tether (USDT) on Friday, September 21, and generally kept level, with lows for the week at $6,381.86, and a peak at $6,814.56.
Ethereum (ETH) stood at $224.41 on Friday, down around 1% this week. The coin goes through the usual bearish pressures, with doubts about the network’s capacity and the utility of ETH tokens.
XRP (XRP) continued its phenomenal climb, reaching $0.76 before retreating, and during the week, the asset erased all gains, to return to $0.52, with a net gain of just around 1%.
Bitcoin Cash (BCH, BCC) had a spike after Bitmain announced spectacular results for the first half of financial 2018. BCH climbed to above $570, but retained only around 11% in weekly gains, after falling to $536.59. BCH reached a peak at $585.36, and lows for the week were at $428.91.
EOS (EOS) remained traditionally stable this week, adding a slim 0.44% to $5.82.
Stellar (XLM) remained almost unchanged since last Friday, keeping the $0.25 levels. XLM managed to touch the $0.30 levels on September 23, but also slid slowly.
Litecoin (LTC) had a small rally after news of being added to the CoinText service. LTC grew above $63, but on Friday, returned to around $61.41, with a 6% gain over the week.
Cardano (ADA) hovered around the $0.08 range, losing around 3% this week, sliding ahead of the weekend to $0.082.
Monero (XMR) saw a dramatic week in which a serious bug was patched, but the price kept steady. XMR is at $116.99, down 2.35% in the past seven days.
DASH (DASH) climbed to $191.09, again on news of being added to CoinText along with LTC. The coin is struggling to gain over the $200 level.
IOTA (MIOTA) is once again out of the spotlight, down to $0.56, losing about 3.5% this week.
TRON (TRX) slid slightly, down to $0.021, losing about 5% in the past week.
NEO (NEO) saw a spike of trading ahead of the weekend, as the GAS dividend asset doubled its price early on Friday. NEO traded at $19.08, up around 1.2% this past week.
Ethereum Classic (ETC) kept its position at $11.31, as the coin has sparked no new enthusiasm since the listing on Coinbase.
Position 15 still belongs to Binance Coin (BNB), which trades at around $9.95. Tether (USDT) remains on position eight within the top ten of coins.
The past week saw most assets drift sideways, once again raising expectations of a consolidation before a new rally. However, so far, small price spikes are followed by selling, as bearish attitudes remain strong.
Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.
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