Business

Gerald Fenech

Crypto market daily report – June 3, 2019

The cryptocurrency markets continued in a stable mode over the weekend with most currencies settling at their Friday levels. Bitcoin Core (BTC) was down by around 1% to the $8,550 mark, although it had reached the $8,700 mark on Sunday at one point. Ethereum (ETH) was also down by around $0.6%, which was quite negligible, and was trading at around the $266 mark on Monday. One cryptocurrency which seemed to buck the trend was Ripple (XRP), which was up by around 5% to the $0.45 level and appeared to be poised for further gains due to an intriguing bullish triangle.

Bitcoin SV (BSV) was another coin that produced some spectacular gains, and in fact was up by no less than 17% to the $217 level at press time, indicating that there was further room for BSV to continue growing.

Litecoin (LTC) was flat at around the $114 level with a 1% increase. EOS was down by around 5% to the $7.40 level after having dropped considerably on Sunday where it had even reached the $8.50 level at one point. Cardano (ADA) was stable at around the $0.09 level after having increased considerably over the weekend, whilst NEO retreated to the $13.44 mark on the back of a 3% decrease. Stellar Lumens (XLM) was slightly up to the $0.136 level, whilst IOTA remained stable at the $0.48 level.

Cryptocurrencies with smaller market caps also saw some increases with Ethereum Classic (ETC) one of the largest gainers where it rose by no less than 10% to the $9.40 level—another 2019 high. ICX was also up by 5% to the $0.41 level, whilst ATOM was up by a considerable 6% to the $6.36 level. Other coins such as ICX and BTT went in opposite directions, with the former rising by 5% and the latter dropping by around 6%. After its record performances over the past month, Binance Coin (BNB) continued dropping and was down by around 3% to just under the $32 mark.

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