1 July 2018

Overview of the crypto-currency market. Summary of the week

Liquidity is decreasing in the cryptocurrency market, most assets follow the digital gold in a hesitant manner. BTC started this week extremely uncertainly. The price of the main coin was reduced to $5 839, but the next day it rose up sharply above $6 000. The fact that BTC can easily rise up in price by $300-$400, and fall lower by the same mark and confirms a decrease in liquidity on cryptocurrency market. This must be taken into account and remembered before opening a trading position.

The seven-day candle on the BTC / USDT trading pair has been closing up so far. Some will be surprised, but BTC's weekly growth exceeded 7%, and in general bulls showed activity. The main altcoins behaved more modestly. The Ethereum did not score even a percent for a week, its value increased by 0.25%. Ripple showed only a 2.6% drop and behaved very poorly for the top-altcoin. The BTC domination index went up to 42.6%. This is due to the fact that during the downward movement, investors and traders feel more comfortable in the main cryptocurrency. The daily trading volume rose up exactly at the moment when the digital market went up, and is $13,9 billion. The total capitalization has also grown and reaches $256 billion.

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