Business

Gerald Fenech

Crypto market daily report – February 19, 2019

The cryptocurrency markets continued the bullish trend established on Monday with practically all the major currencies in the green. Chief amongst these was EOS, which registered an astounding 22% increase to settle at $3.59 at press time on Tuesday. Bitcoin Core (BTC) was also up by around 5%, which was one of the most significant movements over the past few weeks and settled at around $3,900 at press time, close to the psychologically significant $4,000 level after which there could be a significant rise up.

Bitcoin SV (BSV) also saw a significant movement upward by around 7% to the $69 mark as bulls once again began entering the market. It also seems likely that recent comments by Jimmy Nguyen, founding president of the bComm Association, and Dr. Craig Wright, chief scientist of nChain, had a positive effect on the price.

Ethereum Classic (ETC) was also one of the prime movers with a meteoric rise of around 12% to the $4.75 mark, a level not seen since early December. Another significant mover was Cardano, which rose by 10% to the $0.0472 mark.

After Monday’s 15% spike, Ethereum (ETH) continued rising significantly and was up by no less than 7% to the 147 level on Tuesday at press time. Bitcoin Cash (BCHABC) was also another significant mover and was up by 15% to the $150 level, whilst Litecoin (LTC) also saw a significant increase to the $48 level as more bulls entered the market in force. Ripple (XRP) was also up by around 5%, although here the increase was less significant than in other currencies.

Other coins with smaller market caps also saw positive movement with increases ranging from 5 to 15%. Stellar was up by 5.66% to the $0.085 level, whilst IOTA shot up by no less than 9% to the $0.31 mark. WAVES was up by a more conservative 5.7% to the $2.80 mark, whilst ICX and ONT saw increases of 4 and 10% respectively.

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