Business 31 August 2018Gerald Fenech
Crypto market daily report – August 31, 2018
The cryptocurrency markets continued their slight recovery on Friday morning with BTC back over the $7,000 mark at press time. News that the price of the cryptocurrency could top the $65,000 mark over the next five years could have made an impact on the recovery since BTC had settled well below the $6,900 level for most of Thursday.
Bitcoin Cash recovered some of its losses on Thursday and was close to the $550 mark yet again on Friday morning at press time. Ripple remained mired in the $0.33 level with not much movement either way, but this currency has set its bolt at least for the time being although a recent analysis indicated that it was poised for a major bullish breakout quite soon.
Other currencies with larger market caps also showed positive improvements. Ethereum regained the $280 mark after having dropped to as low as $272 on Thursday, whilst Litecoin was once again over the psychologically significant $60 level. EOS continued its positive turn and sailed over the $6 mark to the $6.13 level at press time. Cardano retreated slightly by 2% to the $0.10 level, whilst ONT was up by 2% to the $2.50 mark.
Currencies with smaller market caps also held their own and showed some positive increases overall. NEO was up 2% and settled just below the $20 mark, whilst IOTA recovered most of its losses on Thursday when it was up by 7% to the $0.73 mark. Stellar was back over the $0.22 level, whilst Ethereum Classic was up by around 5% to the $12.80 mark. Dash showed a positive move upwards of around 8% to settle at the $191 mark and begin to attack the $200 level where it is expecting to start moving up. ICX also showed impressive momentum to regain the $0.91 level or a 10% jump, whilst VET was up by a more moderate 5% to around $0.017. NULS registered the biggest increase of the day so far with an 18% jump to the $1.85 mark.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
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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