Business

Gerald Fenech

Crypto market daily report – April 2, 2019

The cryptocurrency markets showed a huge sign of revival as almost all coins smashed previous boundaries with double-digit increases across the board. The gains are the biggest over the past six months and perhaps indicate that there are some signs of a bull market which is creeping up ahead.

Bitcoin Core (BTC) was up by over 15%, touching the $5,000 mark for a few minutes before settling back at around $4,700 at press time on Tuesday. However, what is really significant here is the huge increase in turnover which was up by a staggering 300% to $360 million on Binance alone. Another huge mover from the coins with larger market caps was Litecoin (LTC), which was up by 11% to the $68 level and seemed to be making a charge for $70. Ethereum (ETH) was also up by a significant 7% to the $154 level before falling back slightly to the $151 level at press time.

Binance Coin (BNB) continued setting new highs for 2019 and was trading at the $19.14 level on Tuesday at press time. EOS was also up by a considerable 9% to the $4.56 level at press time, whilst Cardano (ADA) continued building on the increases of the last few days with an impressive 13% increase to trade at $0.0745 at press time. Ripple (XRP) was perhaps the slowest of all to grow although it was up by over 6% at press time to reach the $0.331 level. BCHABC was also bullish and was up by around 9% to the $182 level with the $200 mark seemingly not that far away.

Smaller market cap coins were also up by considerable margins with NEO up by 9% to over the $11 level whilst Stellar (XLM) was up by a more conservative 7% to the $0.116 mark. Bitcoin SV (BSV) was also up by 7% to the $70 level and looked quite bullish as did Ethereum Classic (ETC), which was up by 8% to the %5.18 level. DASH, IOST, LINK and IOTA were also up by between 8 and 11% with healthy turnover levels.

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