Business

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.

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