Business

Gerald Fenech

Crypto market daily report – April 23, 2019

The cryptocurrency markets saw a slight rise on Monday evening and Tuesday morning with Bitcoin Core (BTC) reaching the $5,500 mark at press time. This was likely due to the continued stealth rise on the Nasdaq Index as that continued to reach an all-time high, creeping steadily upward towards the 8000-point level. Ethereum (ETH) was also up by around 3% to the $173 level and looked poised to begin attacking the $180 mark, whilst Ripple (XRP) was stagnant at the $0.324 level after having risen to the $0.33 mark on Monday. This currency appeared to be completely stuck in a very small trading range and has not moved at all over the past months.

Other cryptocurrencies with larger market caps also showed some positive movement upwards. Litecoin (LTC) rose by 3% to the $78 mark, whilst EOS was also up by a similar margin to the $5.30 level. BCHABC regained the $301 level on the back of high turnover, whilst Bitcoin SV (BSV) was up by 4% to the $58 level which demonstrates considerable resilience after past troubles. Stellar (XLM) was up to the $0.114 level on the back of a minuscule 1.5% increase, whilst NEO was also up by a conservative 2% to the $10.90 mark. Cardano (ADA) demonstrated a considerable rebound where it rose by no less than 9% to the $0.08 level.

Currencies with smaller market caps had mixed fortunes overall with most of them showing positive movements. Ethereum Classic (ETC) was up by around 3% to the $5.96 level, whilst VET and NANO rose by a more conservative 2% respectively. Another coin which bucked the trend and rose by a considerable margin was ICX which was up by a staggering 13% to regain the $0.40 level. On the other side of the coin, BAT and FET were down by around 5% each, whilst BNB retreated slightly to the $23.70 level or a decline of around 1%.

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