Business

Gerald Fenech

Crypto market daily report – June 10, 2019

The cryptocurrency markets continued to slide over the weekend after a torrid last few days, and Monday morning was no different with few exceptions in the green. SegWitCoin BTC was down by around 3% and was trading at the $7,660 level, showing signs of weakness and a possible drop within the next few hours. Ethereum (ETH) also dropped by a similar margin after having been trading in the $240-$250 mark for several days—it dropped to around $234 at press time on Monday after having also descended to the $230 level at one point on Sunday.

Bitcoin SV (BSV) fell by a further 5% on Monday at press time, trading at around $182 although that was still a 300% increase from its low of $53 that was reached sometime in April. Litecoin (LTC) held on to its recent gains and showed signs of consolidation at the mid $110-$120 level where it was trading at the $116 mark at press time. Ripple (XRP) continued losing ground and descended by a further 5% on Monday where it traded at just below the $0.39 mark. EOS fell by a further 1% and was trading at just above the $6.20 mark on Monday, whilst Monero (XMR) was down by 1.5% to the $85 mark. Cardano (ADA) was also down by a similar percentage to the $0.081 level, whilst NEO was one of the few coins to show a positive increase where it rose by around 4% to the $12.20 level. Stellar Lumens (XLM) was barely holding on to the $0.12 level on the back of a 2% decrease.

Currencies with smaller market caps continued to have mixed fortunes with ONT perhaps demonstrating the biggest rise with an 11% gain, whilst IOTA was down by around 3% to just over the $0.40 level. Ethereum Classic (ETC) also dropped by around 2% to the $8.15 level, whilst ZEC, DASH and BCHABC remained relatively stable with decreases ranging from 1% to 2%.

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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