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%.

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