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%.

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