Business

Gerald Fenech

Crypto market daily report – June 21, 2019

The forward charge for cryptocurrency markets continued Friday morning with most of the major coins up by considerable margins at press time. SegWitCoin (BTC) was trading at around $9,700, a rise of just over 4%. Ethereum (ETH) was also up by a considerable 5% at press time, sailing over the $280 mark. Both currencies appeared to be making a beeline for the psychologically significant targets of $10,000 and $300 respectively.

Bitcoin SV (BSV) was also up to the $224 mark, a more conservative rise of 2%, but appeared to be quite well supported at that level. Cryptocurrencies with larger market caps continued to perform well with Litecoin (LTC) and Ripple (XRP) up by around 1% each to levels of $136 and $0.435 respectively.

EOS was up by 2% to the $6.95 level and appeared well poised to charge over the $7 mark at any time. Cardano (ADA) was slightly up by around 0.5% to the $0.09 mark, whilst NEO was once again back in positive territory on the back of a 1% rise to the $13.70 level. Stellar (XLM) was the only currency from the Top 10 which showed some retracement and continued declining in price by around 1% to the $0.1228 level. IOTA was also slightly down by a similar amount to the $0.42 mark.

Currencies with smaller market caps performed mixed with Monero (XMR) jumping by around 7% to the $107 mark, whilst ZEC was back in positive territory on the back of a 3% rise to the $111 mark. Ethereum Classic (ETC) was up by 1% to the $8.55 mark, whilst some coins experienced considerable drops including FTM, ZIL and MITH which were down by 6 and 14% respectively. ICX and TFUEL also suffered similar drops of around 6% with DASH rising by 1% to just over the $162 mark.

BCHABC was up by around 2% to the $422 mark, although this was still well away from the yearly high of around $480 achieved a month ago.

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