Business 4 April 2019

Gerald Fenech

Crypto market daily report – April 4, 2019

The cryptocurrency markets demonstrated a slight decline on Thursday morning with most of the larger market caps showing a small decrease although the pullback was quite healthy. Bitcoin Core (BTC) was down by around 45% to the $5016 level after having reached an intra year high of $5200 at one point on Wednesday. Ethereum (ETH) was also down by around 4% after having climbed to almost the $180 mark to settle at the $162 level on Thursday morning at press time.

BCHABC continued to hold its own and settled at just around the $310 mark on Thursday morning at press time although it had reached a yearly high of $330 on Wednesday afternoon. EOS settled at the $5.22 level after having gone up to around $5.50 on Wednesday although turnover levels were also quite healthy.

Bitcoin SV (BSV) continued to perform strongly and was trading at around $90 at press time or a 4% decline after having even flirted with the $100 level on Wednesday. Litecoin was another strong performer and retained the $88 level, although it had gone up to as much as $93 on Wednesday.

Other coins with larger market caps also had a mixed bag of fortunes but were generally on the retreat. Cardano (ADA) lost around 10% to settle at the $0.03 level after having blasted through the $0.10 psychological level on Wednesday. NEO continued rising, however, and was up by around 5% to the $13 level, demonstrating considerable strength on bullish sentiment. Stellar (XLM) was down by around 1% but was still well established over the $0.122 mark. DASH continued rising and was up by around 1% to the $131 mark—another considerable achievement after this currency had been trading at under the $70 level just about a month ago.

Smaller market cap coins were generally down with Ethereum Classic (ETC) losing 2% to settle at the $5.53 mark, whilst IOTA was down by 4% to the $0.35 level. A bright spark was ONT which was up by 10%, whilst other coins such as TRON and FET were down by 6 and 7% respectively. ICX was up by 6% as was VET, whilst IOST recovered practically all of yesterday’s losses and was up by a staggering 29%.

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