Crypto market daily report – March 1, 2019

The cryptocurrency markets made some modest gains on Friday morning as most currencies showed a small increase or remained static. The only outlier, and by a spectacular margin, was Binance Coin (BNB) which rose by a staggering 11% to just over the $11 mark—a new high for 2019. Bitcoin Core (BTC) settled comfortably at the $3,800 level, although the increase here was minimal after a relatively quiet Thursday.

Post-Constantinople fork Ethereum (ETH) remained at the $136 mark or an increase of 0.5%, whilst Ripple (XRP) was well supported at the $0.32 level although this currency has been extremely staid for a very long time now and there does not seem to be any movement in either direction after a 90% decrease from its all-time high. Litecoin (LTC) was also up by around 2% to the $46 mark and could be primed for another push towards the $50 mark, which is psychologically significant although movements have been rather sparse of late.

Bitcoin SV (BSV) dropped below the $67 level on the back of another 1.5% decline, although the drop was not so pronounced here. Other currencies with relatively smaller market caps saw static movement, with Stellar Lumens (XLM) and Cardano (ADA) retaining the $0.084 and $0.043 price level respectively. Ethereum Classic (ETC) was down by a relatively insignificant 1% to the $4.22 level, whilst Bitcoin Cash (BCHABC) also dropped by 1% to the sub $130 mark. NEO was also down by 1% to the $8.81 mark as the China-based currency continued to lose ground.

Other coins remained at their same levels barring ICX, which also increased by a substantial 11% to the $0.31 mark, whilst TRON and BTT saw a decline, the former by just over 1% whilst the latter was down by 5%. VET, HOT and ONG where down by around 2% each, whilst WAVES and IOTA saw relatively modest increases of 2.4 and 2% respectively.

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