Business

Gerald Fenech

Crypto market daily report – June 27, 2019

Wednesday was a red letter day for the cryptocurrency market with several coins experiencing considerable rises across the board until a substantial crash in the late hours of the day wiped out nearly all these increases. SegWitCoin (BTC) was up as much as 20% overall, reaching the $13,800 mark—only to crash to under the $12,000 level.

Ripple (XRP) was also down by as much as 10% at press time on Thursday to the $0.43 mark after reaching the $0.49 level on Wednesday. Ethereum (ETH) also dropped by around 10% after having even reached the $365 level on Wednesday, setting at around the $322 level at press time.

Bitcoin SV (BSV) also took a hammering and was down considerably from a high of $240 on Wednesday to around $210 at press time on Thursday—a drop of 11%, although the coin had crashed below the $200 mark at one point.

Litecoin (LTC) was perhaps the greatest loser with a considerable 12% drop to under the $120 level and was trading at around $118.50 at press time. Another big loser was BCHABC which had sailed over the $500 mark on Wednesday only to experience a steep 10% drop to the $460 level on Thursday at press time.

Other altcoins also experienced considerable declines with Stellar (XLM) dropping below the $0.12 level for a considerable time on the back of a 9% drop to the 0.1159 mark, whilst Cardano (ADA) and NEO also experienced fairly steep drops of around 5% and 7% respectively. IOTA was also down considerably and experienced a 10% fall to the $0.43 level.

Other cryptocurrencies with smaller market caps demonstrated considerable declines with Ethereum Classic (ETC) falling by 11% to the $8.35 level. Other coins which dropped included BNB, TRON, VET, ALGO and EOS with the falls ranging from 6% to 10% overall. The only exception to this bloodbath was Chainlink which continued its impressive and inexorable rise since its mainnet with a 12% increase to the $2.42 level—another all-time high.

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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