Business

Gerald Fenech

Crypto market daily report – April 30, 2019

The cryptocurrency markets demonstrated a slight recovery on Tuesday morning with most coins slightly up on their previous day’s prices. Bitcoin Core (BTC) was stable at around the $5,200 mark and appeared quite healthy at this juncture, although turnover was quite low at just over the $111 million mark on Binance. Ethereum (ETH) was also up by around 2% over the past 24 hours and was trading at around $157 at press time.

Other currencies with larger market caps, however, demonstrated some negative movement. The first to show a dip was BCHABC which was down by a further 6% to below the $240 mark; it is now a full 35% off its yearly high of $320. Bitcoin SV (BSV) remained stable at around the $52 level only showing a minimal 1% decrease. Litecoin (LTC) seemed to be recovering and was trading at the $69 level, whilst Ripple continued losing ground and dropping by around 2% to the $0.292 level. NEO held on to Monday’s gains and was trading at around $9.40 at press time, whilst Cardano (ADA) was down by a further 5% to the $0.065 level.

IOTA lost almost all the gains it made yesterday on the back of its Land Rover announcement and was down by a hefty 9% to the $0.28 level. Stellar Lumens (XLM) also continued losing ground and was down by 4% to the $0.095 level as selling pressure appeared to grip the market. DASH was also down by around 4% to the $107 mark, whilst other coins also demonstrated drops such as NANO, QTUM, ZIL and OMG, which were down by around 3%-6% overall. In fact almost all smaller market cap coins showed a considerable decline over the past 24 hours with BAT and ICX losing 8% and 6% respectively, whilst MATIC and CELR were down by a staggering 14% and 15% respectively. VET was down by a more conservative 3%, whilst Ethereum Classic (ETC) was the only coin in positive territory on the back of a small 1% increase.

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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