Business 18 April 2019Gerald Fenech
Crypto market daily report – April 18, 2019
The cryptocurrency markets continued climbing over Wednesday and Thursday with some consolidation at certain levels. Bitcoin Core (BTC) was up by around 1% to the $5,240 level at press time on Thursday with turnover gradually creeping up and the price appearing quite well supported. Ethereum (ETH) also showed a considerable increase over the past few days, breaching the $170 mark and appeared to be once again charging towards the $180 level. Ripple (XRP) began a considerable move upwards where it breached the $0.34 level after days of tottering around at the $0.32 mark and this might be indicating a rise in the medium term.
Other cryptocurrencies with larger market caps also showed some positive movement overall. Litecoin (LTC) was up by 2% to the $81 level whilst BCHABC settled at the $309 level and was practically flat.
Bitcoin SV (BSV) appeared to be turning the corner after having dropped substantially over the past few days and was up by around 3% to the $56 level.
EOS was also up by a rather minimal 1% to the $5.50 level, whilst Cardano (ADA) was relatively stable at the $0.082 mark on the back of a miniscule 1% increase. Undoubtedly the star performer across the board was Binance Coin (BNB), which continued rising inexorably and posted a healthy 5% increase to trade at the $20.60 level which was an all time high for this year. NEO once again traded above the $11 mark, whilst Stellar (XLM) was up by 3% to trade at the $0.117 level.
Currencies with smaller market caps also showed some increases with Ethereum Classic (ETC) increasing only slightly by around 1% to the $6.26 mark, whilst IOTA was up by a more considerable 3% to the $0.31 level. Other coins which showed notable increases included ZIL which was up by 5%, ZRX, LINK and BAT—these were up by between 4 and 6%. Others such as WAVES, VET, IOST and QTUM showed much more conservative increases of between 1% and 2%.
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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