Crypto market daily report – April 16, 2019

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After starting the week on a rather positive note, the cryptocurrency market fell substantially on Tuesday morning with most coins down by considerable margins although there were some exceptions. Bitcoin SV (BSV) was down by no less than 22% to the $57 level whilst Bitcoin Core (BTC), which rose to $5,150 on Monday, dropped to below the $5,000 level in the evening but rose again to around $5,050 at press time on Tuesday. BCHABC was the only coin to increase in value and was trading at around $312 at press time on Tuesday.

Other larger cryptocurrencies by market cap also saw a general decrease in their prices. Ethereum (ETH) was down by 3% to the $162 level, whilst Litecoin (LTC) was down by 6% to the $78 level on relatively low turnover. EOS was down by 4% to the $5.35 mark although it seemed to be holding well against further drops. Ripple (XRP) was down by a further 3% to the $0.3195 level and has been stuck in the $0.30 to $0.34 level for several months now. NEO was down by a further 5% to sink well below the $11 mark. Cardano (ADA) was also down by around 3% to the $0.081 level, whilst Stellar (XLM) dropped by 5% to the $0.1125 mark.

Smaller market cap coins also suffered considerably with IOST dropping by a further 9% to the $0.012 level. IOTA was down by 2% to the $0.306 mark, whilst Ethereum Classic (ETC) dropped by around 4% to the $6.17 level. ICX and VET were down by 3%, whilst the only bright spark in this sea of red was NULS which saw an increase of around 3.5% to the $0.876 level. TRON, BTT and BNB were also down from around 6% to 1% overall.

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