Business 23 July 2018

Gerald Fenech

Crypto market daily report – July 23, 2018

The cryptocurrency markets continued its revival over the weekend and on Monday morning, although there was a different path as far as SegWit BTC and other virtual currencies were concerned. BTC was up by around 5% overall on Monday at press time to a figure of $7,650 with a further push towards the $7,800 mark not unexpected, although there’s a massive resistance at this point.

Bitcoin Cash was up by around 5% to trade at the $820 level at press time on Monday with a further push expected. Ethereum appeared slightly sluggish and did not move at all, with only a slight increase of around 1% to the $466 level with very little movement either way. The same could be said for Ripple which recovered the $0.46 mark or an increase of 2%. EOS was also on the rise, although again at a slightly slower pace than BTC but was trading at around $8.30 at press time.

Currencies which had seen big gains over the past week also performed well over the weekend and on Monday. Stellar Lumens rose by around 8% on Sunday and by a further 4% on Monday to trade at over the $0.30 level, whilst Cardano rose by around 7% to reach the $0.18 mark. NEO was still slightly sluggish and only posted a minimal 1% increase over the previous 24 hours to settle at around $34. Litecoin was also up by around 3% to settle at the $85 level with a push for the $90 level not out of the reckoning if turnover levels persist.

Ethereum Classic was sluggish with a 2% rise to settle at the $16.60 level, whilst VEN and ONT remained relatively stable in the $1.83 and $3.23. There was little movement in other coins with smaller market caps with IOTA up 2% to the $1 level again, whilst ICX registered a similar 2% rise to the $1.39 level.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB 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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