Business

Gerald Fenech

Crypto market daily report – July 2, 2019

The cryptocurrency markets continued to experience a crash, which shows no sign of abating with new 30-day lows being tested continuously. SegWitCoin (BTC) fell below the $10,000 mark for the first time in a month and was trading at around the $9,850 mark at press time on Tuesday with further falls expected during the day. Ethereum (ETH) was another of the sufferers, dropping over 6% to the $279 level as further selling pressure continued to hit the market.

Bitcoin SV (BSV) also dropped below the $200 level to trade at around $187 at press time. Ripple (XRP) fell beneath the $0.40 level once again and was trading at around $0.388, whilst Litecoin (LTC) dropped by another 8% as it continued testing the low teens where it traded at around the $114 level at press time.

EOS was another currency which stock continued dropping where it was trading at around the $5.60 mark at press time. Cardano was down by 5% to just under the $0.08 level, whilst NEO dropped by a further 2% to the $16.45 mark on Tuesday. Stellar (XLM) was also in steep decline where it dropped by a considerable 6% to the $0.10 mark and appeared perilously close to drop to single digits.

Currencies with smaller market caps also experienced considerable declines with FTM and ALGO dropping by around 15% each. Others that also saw drops in this sea of red included LINK which was down by a more modest 2% to the $3.42 mark, whilst BCHABC continued declining beyond the $400 support level where it traded at the $283 mark at press time. BTT was also down by a considerable 11%, whilst Ethereum Classic (ETC) continued dropping and traded at the $7.50 level at press time with further falls expected. IOTA, HOT, VET and ATOM also experienced sharp drops ranging from 6% 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.

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