Business 12 April 2019

Gerald Fenech

Crypto market daily report – April 12, 2019

The cryptocurrency markets continued to slide on Thursday evening and Friday morning at press time with the vast majority of coins down by considerable margins. Leading the pack was Bitcoin Core (BTC), which was down by around 4% to settle at around $4970 at press time on Friday. Selling pressure also hit the Ethereum coin (ETH), which was down by around 8% at press time to settle at around the $163 level on Friday morning.

Other coins with large market caps also demonstrated significant drops with EOS practically shaving back all of its gains in the past week to trade at around $5.20 at press time on Friday morning. The same went for Ripple (XRP), which continued losing ground and was down by around 5% to just over the $0.32 level, whilst Litecoin (LTC) suffered a hefty 9% drop to trade at the $77 mark on Friday morning at press time. BCHABC was also down by around 6% to settle at the $265 level, whilst Bitcoin SV (BSV) suffered a considerable 9% drop to trade at just under the $70 level at press time on Friday.

NEO continued declining and fell under the $11 mark for the first time since March trading at just under the $11 mark at press time. Cardano (ADA) was also down albeit by a more conservative 5% to the $0.08 level, whilst Stellar (XLM) also continued falling to just over the $0.11 mark as selling pressure continued to hit the coin. Other coins with smaller market caps also bore the brunt of substantial declines with Ethereum Classic (ETC) sinking by around 8% to the $6.10 level, IOTA down by 5% to the $0.317 mark and DASH dipping below the $120 level for the first time in April. OMG, LINK, BAT and ZRX also suffered drops of between 3% and 9% overall.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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