Business

Gerald Fenech

Crypto market daily report – June 11, 2019

It’s a stable Tuesday morning for the cryptocurrency markets, although the situation could go either way with most coins delicately balanced on a knife’s edge. SegWitCoin BTC was up by around 3% to the $7,900 level having reached the $8,000 mark on Monday; however, it fell back almost immediately although it held its own considerably well at that level. The star performer in the Top 10 was undoubtedly Litecoin (LTC), which rose by 10% to the $128 mark on the back of high turnover and also looked poised to continue gaining.

Bitcoin SV (BSV) began reversing some of its recent losses and was up by 3% to the $188 level looking primed to make an interesting charge for the $200 mark very shortly. Ethereum (ETH) was also up by around 3% to the $243 mark after having reached the $246 level on Monday. Ripple (XRP) was up by a minimal 1% to the $0.39 level, but it was still quite far off from its recent highs in the mid $0.40s.

NEO began paring back some of its recent gains with a 1% decrease to the $12.07 level, whilst Stellar Lumens (XLM) and IOTA posted some small gains, the former a miniscule 0.5% and the latter a more substantial 2% to the $0.42 mark.

Cryptocurrencies with smaller market caps also demonstrated some declines, but with notable exceptions including FET, which was up by 13%, and even more impressively, MITH which rose by an astonishing 29% to the $0.055 level. Cardano (ADA) posted a far more modest 2% increase to the $0.083 level, whilst ONE and ONT posted declines of 2 and 4% respectively. LINK regained some of the recent losses it made and was up by 6% to the $1.16 mark—still this is an almost 40% increase over a week since it launched its mainnet.

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.

COMMENT