Crypto market daily report – April 22, 2019

The cryptocurrency markets were in a rather negative mode over the past few days although there were some notable exceptions especially with regards to Binance Coin (BNB), which reached $25 at one point on Saturday. Bitcoin Core (BTC) was up by around 1% to the $5,220 mark, although there appeared to be some selling pressure with a possible decline on the cards.

Of the other coins with a larger market cap, Ethereum (ETH) remained relatively stable with a decline of 1.5% to the $69 level, whilst EOS continued declining by a considerable margin to the $5.11 level on the back of a 5% drop. Litecoin (LTC) was also down by around 6% to the $75 level; BCHABC also yielded the $300 level and dropped considerably by around 4% to trade at the $286 level at press time on Monday. Ripple (XRP) was up by around 1% to the $0.32 level, while Bitcoin SV (BSV) dipped to the $55 level on the back of low turnover.

Currencies with smaller market caps also demonstrated decreases. NEO was down by around 1% to the $10.68 level, whilst Stellar (XLM) was also down by around 2% to the $0.11 level. Ethereum Classic (ETC) continued dropping with another 5% decline on the back of previous drops and was trading at the $5.83 level at press time on Monday. Cardano (ADA) continued dropping to well below the $0.07 mark, whilst TRX saw another 2% decline to the $0.0247 mark.

However, the real loser over the past 24 hours was Basic Attention Token (BAT), which saw its price plummet by no less than 12% to the $0.41 level. This was after it had risen by about 8% on Saturday after some announcement on its progress. In fact, BAT was up by no less than 20% over the weekend before falling pretty spectacularly on Monday. IOTA also declined by around 3% to settle at the $0.30 mark, whilst IOTA, VET, ICX and WAVES experienced similar declines of between 3% and 5%.

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