Bitcoin Dipped to Weekly Lows on Minor Trading Volumes
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Although the trading volumes yesterday were quite low, similar to previous weekends, bitcoin still took a minor hit and fell to a weekly low.
Most altcoins are also slightly in the red on a daily scale. QNT is among the very few exceptions, being up by double digits.
Bitcoin Dipped Towards $19K
The primary cryptocurrency was flying higher earlier this week when it pumped to $20,500 – the highest price tag it had seen in about three weeks. However, the US job reports changed the tides, even though they provided better-than-expected numbers.
BTC reacted with an immediate price drop of around $1,000 – from over $20,000 to $19,300. The asset bounced off initially and jumped to north of $20,000 once again, but the bears came back to play and drove it south.
As such, bitcoin slipped to $19,500 yesterday and spent most of the day there on low trading volumes. Hours ago, though, it dipped below $19,300, which became its lowest price tag since October 3.
As of now, it stands a few hundred dollars upwards, but its market cap is still below $375 billion. Its dominance over the alts has calmed at 39.6%.
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