Crypto market daily report – June 24, 2019
The cryptocurrency markets experienced a see-saw ride over the past few days after having soared to yearly highs during the weekend. SegWitCoin (BTC) traded as high as the $11,200 mark on Saturday, showing remarkable resilience with the price settling at around the $10,800 mark at press time on Monday. Bitcoin SV (BSV) also soared considerably over the past 48 hours, reaching the $245 level on Saturday before settling at just under the $240 level on Monday.
Other cryptocurrencies with large market caps were also performing well over the weekend with Ethereum (ETH) finally sailing over the $300 level with the price rising as much as $320 at one point on Saturday before falling to the $305 level on Monday at press time. Litecoin (LTC) actually retreated over the past 48 hours and was trading at around the $135 level at press time after having risen to well over the $140 mark over the weekend. Ripple (XRP) also performed quite well with the price reaching around $0.48 at press time, although it fell to around the $0.46 mark on Monday. Neo had an extremely good run where it rose as much as 25% on Saturday but eventually fell back by around 5% to the $17.50 level on Monday. Stellar (XLM) was also up by around 5% to the $0.13 mark although it fell back again on Monday.
Currencies with smaller market caps also had good runs over the weekend before falling back slightly on Monday. EOS was down by around 4% on Monday at press time to the $7.15 level, whilst TRON went the other way and rose by 7% on Monday to just under the $0.04 mark.
Other coins which declined after enjoying an excellent run over the weekend were Binance Coin (BNB) and Cardano (ADA). In fact, the former rose to an all-time high of over the $39 level before dropping back by around 3% at press time to the $37.50 mark. ZEC, QTUM, XMR, ICX and FTM were also in negative territory on Monday at press time.
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