Business

Gerald 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%.

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