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.

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