Business 8 April 2019

Gerald Fenech

Crypto market daily report – April 8, 2019

The cryptocurrency markets continued to rise at a slow pace over the weekend with most of the major coins showing significant increases, although there were some that retreated by small margins. Bitcoin Core (BTC) was up by around 3% and once again reached the $5,250 threshold, settling at that level at press time. Ethereum (ETH) was perhaps the largest gainer over the weekend with an increase of around 10% to rise to just over the $180 level. BCHABC also staged a mini recovery to the $312 level after having dropped to around $280 over the weekend on low turnover.

Other larger market cap coins were relatively stable with Ripple (XRP) floating around at about $0.35 to the $0.36 level after having risen around 10% on Friday after some recent positive announcements. EOS was up by a minimal 1% to the $5.47 level after having dropped to the $5.20 level on low turnover over the weekend. Litecoin (LTC) remained at the $90 level although it appeared to be sliding slightly down after it had reached a high of $94 on Saturday. Cardano (ADA) was down by around 1% at press time on Monday to trade at just under the $0.09 level, whilst Stellar (XLM) bucked the trend with a 5% increase and traded at the $0.135 level which appears to be a high for 2019. NEO was down by around 1% to just under the $13 mark at press time on Monday.

Smaller market cap coins had somewhat mixed fortunes with Ethereum Classic (ETC) the star performer of the past 48 hours on the back of a staggering 30% increase to the $7.50 level. IOTA was up by around 1% to the $0.36 level at press time, whilst Bitcoin SV (BSV) was stable at the $84 level, consolidating its gains over the past week when it rose by no less than 25% over the previous week. NANO was another positive mover where it was up by 13% to the $1.60 mark, whilst ZEC was up by 3% to the $73.50 level. DASH was up by around 2% to the $136 level, whilst WAVES, LINK and ZRX all posted decreases.

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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