Bitcoin (BTC) found a new stability level above $7,500, a position which is seen as a launching pad for higher valuations. Over the past week, BTC dipped below $7,000 briefly, before recovering to the $7,500 level within a day.
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Bitcoin (BTC) was volatile in the past week, threatening to dip to new lows, but narrowly avoiding the scenario. The past week saw the impact of two large exchange heists, as Upbit lost above $51.3 million in ETH, while IDAX admitted its CEO was missing and was in control of cold wallet private keys. Still, BTC held up, propped by spot and futures markets. On Friday, the leading coin traded at $7,599.49, with some forays above $7,600.
The share of Tether (USDT) moved between 73 and 77%, with a trading anomaly that saw BTC futures markets become more influential than the stablecoin pairs. BTC trading volumes moved around $19 million in 24 hours, and price dominance remained steady around 66.3…
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