Business

Gerald Fenech

Crypto market daily report – April 26, 2019

The cryptocurrency markets continued to decline on Friday morning as selling pressure continued to hit the space. Although turnover was higher than normal at around $350 billion on Binance, Bitcoin Core (BTC) fell below the $5,300 mark and was trading at around $5,290 at press time on Friday morning. Ethereum (ETH) also continued to decline and after briefly reaching the $163 mark on Thursday afternoon, it continued falling and was trading at around $155 at press time on Friday.

Larger market cap coins seemed to stabilize although some were still considerably down. Litecoin (LTC) held at just below the $73 mark on the back of a 1% increase, whilst Ripple (XRP) was down by around 1% to just below the psychologically significant $0.30 level. BCHABC was also down the $270 level for the first time this month, along with Bitcoin SV (BSV), which is trading at $51 on reduced turnover.

EOS was perhaps the only bright spark where it was up by around 2% to the $4.70 level. After having risen considerably over Thursday, Cardano (ADA) fell heavily by around 8% to below the $0.07 level and was trading at around $0.07 at press time. NEO and Stellar (XLM) also fell heavily with the former down by 7% to the $9.30 level, whilst the latter fell below the psychologically significant $0.10 level and was trading at $0.098 at press time on Friday or a 4% decrease.

Currencies with smaller market caps also had a mixed bag of fortunes but were mostly down overall. BAT suffered a considerable 10% drop, whilst ONT and ICX suffered near identical declines of around 7% each to trade at $1.11 and $0.35, respectively. ETC, NANO and IOTA suffered drops of between 4 and 9%, whilst IOST was down by around 3%.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB 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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