Crypto market daily report – April 25, 2019

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The cryptocurrency markets remained in a staid mood on Thursday morning at press time with most of the coins demonstrating stability although a recovery seemed quite far. Bitcoin Core (BTC) was trading at around $5,390 at press time but looked poise to cede some of its position later in the day. Ethereum (ETH) also continued losing ground and was down by a further 4% at press time to the $162 level.

Other cryptocurrencies with larger market caps also showed decreases over the past 24 hours. EOS was down by a staggering 8% to the $4.67 level and was at its lowest level over the past two months. Ripple (XRP) also continued losing ground and was trading at around $0.295 on Thursday morning or a decline of around 6%. BCHABC also lost ground albeit at a slightly less precipitous level of around 3% to the $275 mark, whilst Litecoin (LTC) was perhaps the best performing out of the Top 10, trading at the $72 mark. Bitcoin SV (BSV) was practically flat at around $54, although it seemed to have stemmed its recent decline.

Stellar Lumens (XLM) continued dropping and sank around 4% to just above the $0.10 level, whilst Cardano (ADA) also settled at just above the $0.07 mark as it continued losing ground. Neo was also down by around 1% and was trading at just above the $10 mark at press time on Thursday. IOTA was also down by around 5% to the $0.275 mark.

Currencies with smaller market caps also showed considerable declines with WAVES leading the way as it dropped by 9% to the $2.38 level, whilst DASH, ZRX and ETC dropped by around 5%. NULS was also in the red by as much as 18% settling at around the $0.81 level. VET was also down by 5%, with ICX the only coin showing a small gain of around 2%.

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