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%.

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