Gerald Fenech

Crypto market daily report – July 1, 2019

The steady decline in cryptocurrency markets continued Monday with most major currencies on the downturn. The bull run of the past week was a distant memory as coins were down in the high double digits.

SegWitCoin (BTC) dropped by a considerable 10% over a 24-hour period, and was hovering at just over the $11,000 level at press time on Monday. Ethereum (ETH) was also on the decline, dropping below the $300 mark to trade at the $295 level at press time. Litecoin (LTC) was once again dumped and down by no less than 8% to the $124 mark. The same fate was suffered by Chainlink which was down by a massive 12% to the $3.50 level after having reached the $4.40 mark on Saturday.

Bitcoin SV (BSV) was well supported at the $207 mark, whilst Cardano (ADA) was down by a further 5% to the $0.084 level. EOS was also down by 7% to the $5.80 level having dropped steadily over the past 24 hours, whilst Stellar (XLM) dropped by a similar 5% to the $0.107 mark after having lost practically all Saturday’s gains.

IOTA dropped below the $0.40 level for the first time in a month whilst, Binance Coin was down by a whopping 8% to the $32.20 mark. BCHABC also suffered a considerable decline to the $408 level or a drop of 6%, whilst Ripple (XRP) continued dropping by another 4% to the $0.408 mark.

Cryptocurrencies with smaller market caps also saw considerable declines across the board although there some notable exceptions. TRON and MATIC were down by 6% and 10% respectively, whilst HOT went the opposite direction with a considerable 16% gain. NEO suffered a 7% drop to the $16.70 mark, whilst VET, FET, ETC, ALGO, CELR and QTUM all suffered considerable declines which ranged from 5 to 12% overall.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark 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.