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%.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark 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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