Business

Gerald Fenech

Crypto market daily report – June 19, 2019

The cryptocurrency markets continued in relatively calm fashion on Wednesday, with SegWitCoin (BTC) staying above the $9,100 mark. The largest cryptocurrency by market cap was trading at around the $9,160 level on Wednesday at press time. Ethereum (ETH) was also in positive territory on Tuesday having risen to around the $270 level but dropped back on Wednesday morning to trade in the $265-$270 range.

Bitcoin SV (BSV) continued making sold gains and was up by a further 3% to the $224 level or a high for the month, whilst Litecoin (LTC) recovered some of its recent losses when it jumped over the $130 mark once again with a 3% increase to the $135 level. Another considerable mover was ZCASH which jumped by no less than 11% on Tuesday to reach the $113 level and maintained those gains on Wednesday. Cardano (ADA) remained stuck at the $0.09 level although there appeared to be strong support in that price range.

Neo was again in positive mode on Wednesday with a rise of around 2% to the $13.90 level. EOS retreated by around 2% to the $6.80 mark, whilst BCHABC was also in the red on Wednesday where it dropped by around 2% to the $414 level having been over the $420 mark during Tuesday. Ripple (XRP) retreated slightly from the $0.44 mark it had achieved on Monday and was trading at just over the $0.43 level on Wednesday, whilst Stellar (XLM) continued to disappoint and retreated by a further 2% to the $0.124 mark.

Cryptocurrencies with smaller market caps also continued to have mixed fortunes with some notable exceptions. One of the fastest movers was ONE which was up by 10%, whilst FET, MATIC and BTT had more modest increases of around 3% to 5%. FTM and QTUM where up by 7% and 4% respectively, whilst TFUEL, DASH and BAT posted more modest increases of between 2% and 3%.

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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