Business

Gerald Fenech

Crypto market daily report – February 22, 2019

The cryptocurrency markets remained in the same waters on Friday with Bitcoin Core (BTC) settling at around the $3,950 mark, although turnover was down sharply by around 30% overall on Binance to $103 million. Ethereum (ETH) was down by around 1% to the $145 level as further news of the Constantinople hard fork began making the rounds.

Other major currencies saw their value drop slightly over the past 24 hours. Bitcoin SV (BSV) was down 2% to the $65 level, whilst Stellar Lumens (XLM) gave up some of its recent gains to settle at the $0.088 mark or a decline of 3%. Litecoin (LTC) was also down by a similar amount to the $48.50 level or a drop of 4%, whilst EOS gave up around 2% to the $3.75 level. Ripple (XRP) was down by 3% to the $0.31 mark as the third largest cryptocurrency continued to be stuck in a meagre price range.

After its much publicised DevCon in Seattle, NEO was down by around 4% to the $8.60 mark, whilst Bitcoin Cash (BCHABC) also lost some value to settle at the $141 mark or a decline of 2%. Cardano (ADA) was down by around 4% to the $0.045 mark, whilst Ethereum Classic (ETC) lost a further 2.5% to the $4.48 mark. Binance Coin (BNB) continued performing well on the back of a 2.5% increase to the $10.70 level.

Currencies with smaller market caps had mixed fortunes. One of the outliers was VET which shot up by an impressive 10%, whilst ONT achieved a far more modest 1% increase to the $0.75 mark. TRON was down by 1.4% to the $0.025 level, whilst ICX, IOTA and HOT posted similar declines ranging from 2 to 3%. WAVES was in positive territory, rising by 2.8% to the $2.80 mark, whilst LINK was down by 6.5% to the $0.44 mark.

The total market cap in the cryptocurrency markets hovered around the $134 billion mark where it seems to have settled over the last few days.

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