Business

Gerald Fenech

Crypto daily market report – May 30, 2019

The cryptocurrency market continued to post solid gains over the past 24 hours with some notable exceptions where the rises were considerable. By far the most outstanding performer was Bitcoin SV (BSV), which rose by an incredible 120% and was trading at around $220 at press time on Thursday. This represents an all-time high for the cryptocurrency that following the Satoshi Vision, and the future appears bright as turnover levels continue to increase dramatically.

Bitcoin Core (BTC), on the other hand, registered the least movement and was trading at around $8,700 at press time on the back of a 2% increase. Ethereum (ETH) was up by a considerable 7% and was just over the $280 level at press time, signifying a 7% increase. Ripple (XRP) was also up by around 8% and was trading at the $0.47 level on Thursday, whilst another coin which showed a considerable gain was BCHABC, which was up by 10% to the $470 level.

Other currencies with larger market caps also posted significant gains. EOS was up by 5% to just over the $8 level, whilst NEO forged ahead considerably and rose by an impressive 14% to the $14 mark which represents a yearly high. IOTA continued its impressive run having risen by 20% to an intraday high of $0.55 on Wednesday before falling back slightly to the $0.53 mark on Thursday morning. Stellar (XLM) also began a recovery and was up by around 6% to the $0.14 level.

Cryptocurrencies with smaller market caps also posted impressive performances with Ethereum Classic (ETC) leading the way on the back of a 10% increase to the $8.70 mark. ONT and ICX were up by 11% and 9% respectively, whilst THETA newly listed on Binance rose by an impressive 20%. ZEC and NANO were up by 7% and 6% respectively, whilst ASH was also on the charge with a 5% rise to over the $171 level another yearly high.

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