| The past week started with a correction but also marked with a sharp U-turn as Bitcoin continues to climb, taking the market with it (trading against the US Dollar). However, when looking at alternative coins in comparison to Bitcoin's rise, we can clearly see them correcting as BTC dominance gains further momentum. Following the year of 2018, which turned out to be "The year of the bear," 2019 is shaping up to be in a mixed trend. Market uncertainty is being replaced with what seems to be a change in the overall trend, as it's showing signs of recovery since February this year. Some altcoins such as Binance Coin (BNB), reached their all-time high (ATH) trading against Bitcoin as well as USD. Additionally, speculations are also rising when it comes to Binance opening the door for leveraged trading, which could attract great interest to risk-taking traders and add up more traction to the overall trading volume. In addition, the IEO phenomenon which gained momentum in the first months of 2019 has seemingly calmed down following certain disappointments like the Ocean Protocol IEO event which was carried out on Bittrex exchange and saw its participants lose 80 percent of their initial investment value. As it is almost always in this case, when looking for reasons for the recent volatility in Bitcoin's price. However, if a reason must be pointed out, it could be attributed to Fidelity's announcement that it will open its institutional trading gates for Bitcoin. Fidelity's announcement joins a long list of giant companies such as Facebook, Nike, Disney, and others, who are looking to fit into the innovative world of cryptocurrencies, each in their own way. Of course, news of the kind bring back the interest into the cryptocurrency market. The Tether saga continues to cause problems for Bitfinex as a lot of traders abandoned the exchange and withdrew Bitcoin from the exchange. As a result, the larger wallets of one of the oldest cryptocurrency exchanges were shrunk with around 40% and Coinmarketcap exceeded the trading volume of the exchange and removed it from the Bitcoin price calculation. | 
BTC: $5890
ETH: $172
XRP: $0.30
Crypto Weekly Update - Bitcoin At $6K: Fidelity FOMO, BitFinex FUD, BTC Dominance Surges