Business

Gerald Fenech

Crypto market daily report – March 18, 2019

The cryptocurrency markets continued in a stable mode on Monday with most coins registering small declines with some notable exceptions. Bitcoin Core (BTC) once again dropped to below the $4,000 mark although the decline was minimal and there was still some increase in turnover. Ethereum (ETH) remained steady at the $138 level, whilst Bitcoin Cash (BCHABC) was practically the only currency which was up by around 6% to the $159 level.

Other coins with larger market caps saw some decline overall, with Ripple (XRP) once again down from the $0.32 level to the $0.314 mark. EOS was also down by around 1% to the $3.70 level, whilst Litecoin (LTC) had a more considerable slide of around 2% to the $59 level having once again fallen below the psychologically significant $60 mark. XLM remained just below the $0.107 mark, whilst NEO was relatively stable at the $9.30 level although there did not appear to be much support to go over that mark in the near future.

Coins with smaller market caps also saw some declines with the vast majority of them down over a 24-hour period. Ethereum Classic (ETC) was down by around 1% to the $4.35 level whilst WAVES, LINK, ZRX, ZIL and HOT also saw some declines, although these were largely marginal and did not have much of an effect on the price. Here the decreases varied from around 0.5% to the 3% level.

Binance Coin (BNB) continued to hold its previous highs and only saw a small decline of around 0.7% to the $15.60 level, whilst Bitcoin SV (BSV) appeared to have stabilized at the $66 level with hopes of a bull run coming up. ONT was another coin which saw a small increase and was up by 3% to the $1.08 level. TRON was down by around 1%, whilst BTT dropped by almost 4% with sellers taking their profits.

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