Business 11 March 2019

Gerald Fenech

Crypto market daily report – March 11, 2019

The cryptocurrency markets saw a slight retracement over the past 24 hours although there were some currencies which demonstrated a turnaround against this decline. Bitcoin Core (BTC) dropped below the $3,900 level and was trading at around $3,890 at press time on Monday. Ethereum (ETH) was also down by around 1% to the $134 level although movement here was minimal. Binance Coin (BNB), which has been quite sensational of late, also showed a retraction over the weekend but it was up by around 1.5% on Monday to the $14.40 mark.

Of the other currencies with larger market caps, EOS was down by around 2% to the $3.60 level, whilst Ripple (XRP) once again retraced slightly to just over the $0.31 mark. Litecoin (LTC) kept most of last week’s gains and traded at $55.70 on Monday at press time or a minimal decline of 1% overall. NEO was down by 2.5% to the $8.70 level after having exceeded the $9 mark on Friday but selling pressure forced the coin back to its previous levels.

Bitcoin SV (BSV) remained relatively stable at the $66 level, whilst Stellar (XLM) was practically the only outlier as it rose by no less than 8% to regain the double figure of $0.10 at press time on Monday.

Currencies with smaller market caps had somewhat mixed fortunes with most of them seeing a considerable decline. ICX and NULS were down by 7% and 9% respectively, whilst LINK and Ethereum Classic (ETC) went the other way with increases of 5% and 1%. VET and ONT were down by around 2%, whilst IOTA was flat at $0.28 as was WAVES which was trading at $2.71 at press time. BAT also gave up most of the gains it made last week, where it was down by 5% to the $0.19 mark. Bitcoin Cash (BCHABC) was also down by a more modest 1% to just under the $129 level. 

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB 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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