Business 4 July 2018

Gerald Fenech

Crypto market daily report – July 4, 2018

The cryptocurrency markets registered a slightly negative movement downwards on Wednesday, although they continued to maintain the momentum gained last Monday. SegWit BTC coin was trading at around $6,550 at press time, a 2% decrease from its Tuesday high of around $6,700. Bitcoin Cash ceded the $800 mark, but was considerably stable at around the $780 level at press time with very little movement either way.

Ethereum was also stable at around the $470 level after having reached the $460 mark on Tuesday evening. The currency has been stable of late but a push towards the $500 level is not untoward in current market conditions. After having gained the $0.51 level in Monday’s surge, Ripple once again fell back slightly to around $0.48 at press time although again, there appears to be good momentum at this price. Litecoin also achieved considerable momentum in the past 24 hours and was up to the $86 level.

EOS also continued to trade well and was above the $9 level settling at around $9.05 at press time on Wednesday. NEO was the only currency that showed continuous positive movement on Wednesday and was up by around 7% to the $39.20 level—an increase of around 20% over last Sunday’s levels. Stellar was flat at around $0.21, although there appeared to be some upward movement in the past hours. Ethereum Classic also showed some positive movement in the past few hours rising to $16.80 at press time and making a move towards the $17 level. Dash was down by around 6% on Wednesday morning but recovered to the $243 level with a possible push towards the $250 mark not unexpected.

Cardano was slightly staid at just over the $0.15 mark although it was down from the peak of $16.50 reached on Tuesday. Other currencies such as Ontology, TRON, IOTA and VEChain were also slightly staid with most of them trading at between 1-2% below Tsuesday’s levels.

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.

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