The cryptocurrency markets remained in a relatively stable level on Tuesday with most coins retaining the levels they had seen after Sunday’s massive drop with a few minor corrections. Bitcoin Core (BTC) hovered around the $3,800 mark, occasionally dipping below that level although it seemed to be well supported there. Ethereum (ETH) also hovered around the $136-$140 level with an extremely low trading range, although it was effectively down by 1.5% over a 24-hour period. The anticipation for the ETH hard fork coming on February 28 could have been behind the massive drop experienced on Sunday.
Ripple (XRP) was the only gainer across a 24-hour period, rising by 5% to the $0.32 mark after having dropped as low as $0.295 at one point on Monday. The third largest cryptocurrency has been experiencing this low trading for several weeks now, but it looks like it has found its value. Bitcoin SV (BSV) was the top gainer over a 24-hour period where it was up by 13% to the $69 level, a mark that had not been seen for some time. Bitcoin Cash (BCHABC) remained stable at the $132 level.
Other currencies saw their values retreat slightly with EOS and Binance Coin (BNB) the top losers, shedding some of their gains with retreats of 5% each to $3.43 and $9.55 respectively. Litecoin (LTC) remained stable at the $44 mark, whilst NEO dropped by a more modest 3.6% to the $8.90 level. Stellar Lumens (XLM) was also stable at the $0.04 level, whilst Ethereum Classic (ETC) remained at the same level of $4.22 at press time on Tuesday.
Currencies with smaller market caps saw mixed fortunes with WAVES down by a negligible 1% and LINK up by a rather remarkable 7.6%. IOTA was stable at $0.28, whilst both ICX and VET were up by a similar 4% on increasing turnover.
The Genesis protocol upgrade on February 4, 2020 is a monumental step in the history of Bitcoin, and will see BSV returned as close as possible to the original protocol as envisioned by Satoshi Nakamoto. Visit the Genesis Hard Fork page to learn more.
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