Crypto market daily report – May 30, 2019

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.

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