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.

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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