Overall market analysis & update for the past week (July 9th) – Over 1,000 Cryptocurrencies are “Dead Projects”😵

After dropping to $5,800 last week, [**Bitcoin**](https://prediction.us14.list-manage.com/track/click?u=2a7d6f232b7f23341b78f6fe7&id=7358bb58d4&e=a4a5f7fbc2) has rebounded to around $6,700 over the past few days. As a result, most cryptocurrencies are up between 7-25 percent over the last seven days and trading volumes have also seen noticeable increases. It’s still however too early to say if we have reached a turning point. At the moment the Japanese yen is capturing around 48.2% of BTC trades, followed by Tether (USDT 36.7%), USD (9.6%), KRW (1.9%) and EUR (1.3%). It seems like Bitcoin’s price is heavily dependent on investors from Japan for the time being.  

Read more: [https://prediction.vc/story/overall-market-analysis-update-for-the-past-week-july-8th-over-1-000-cryptocurrencies-are-dead-projects](https://prediction.vc/story/overall-market-analysis-update-for-the-past-week-july-8th-over-1-000-cryptocurrencies-are-dead-projects)

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