Business

Gerald Fenech

Crypto market daily report – June 12, 2019

Most of the top coins continued to show improvements on Wednesday, with several rising by considerable margins. Leading the charge was Litecoin (LTC), which posted an 8% increase to the $138 level—another yearly high as interest in the coin increased in anticipation of the much-publicised split. SegWitCoin BTC was up by around 2% and was trading at the $7,900 level at press time, appearing to make another charge towards the $8,000 mark.

Bitcoin SV (BSV) was stable at around the $185 mark although there were signs of strong support at that level with a push towards the $200 mark not entirely unexpected.

Ripple (XRP) was disappointing, settling at just above the $0.39 level, whilst EOS appeared static at the $6.30 level. Cardano (ADA) showed impressive gains and was up by no less than 6% to just under the $0.09 mark, whilst NEO also had a positive streak with an increase of around 2% to the $12.30 level. Stellar (XLM) regained the $0.12 level after having briefly dropped below that psychologically significant mark on Tuesday on the back of a 5% rise. IOTA was also up by around 2% to the $0.43 level, whilst BCHABC remained static at the $390 level with very little movement either way.

Smaller market cap coins also saw some positive movement with TRON rising by around 2% to the $0.03 mark. CELR, ONT and ETC were also in positive territory with the former rising by no less than 9% to just over the $0.02 mark. FET also saw some positive movement where it rose by 4% to the $0.24 level, whilst Binance Coin (BNB) was another positive mover where it rose by around 5% to the $33.40 level. However, other listings on Binance such as FTM and MATIC saw considerable losses with the former dropping by over 16%.

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