Business

Gerald Fenech

Crypto market daily report – March 19, 2019

The cryptocurrency markets remained in a relatively stable mode on Tuesday with the vast majority of coins registering small declines, although they were rather well supported. The only exception was Stellar Lumens (XLM), which rose by around 5% to the $0.14 mark on Binance—a 2019 high for the coin.

Bitcoin Core (BTC) remained stuck at around the $3,980 mark although turnover was considerably down at just around $76 million on Binance, which is practically less than half of what it was last week. However, this can also be seen as positive due to the fact that the price seems well supported even at these low turnover levels. Ethereum (ETH) was also stable at around the $138 level, whilst Bitcoin Cash (BCHABC) retreated ever so slightly from its 2019 high and traded at around $158 on Binance.

Other coins with larger market caps also showed a slight decline, with Ripple (XRP) trading at the $0.313 level or a decline of 0.5%. EOS was static at the $3.70 level. Litecoin (LTC) also declined slightly by around 1% to the $58.80 level. Bitcoin SV (BSV) was down by 1% to the $65.50 level. Cardano (ADA) was down by a similar 0.5% at just below the $0.05 level, whilst NEO was static at the $9.02 mark although it seemed to be well supported at that level.

Coins with smaller market caps also showed a slight decline although some demonstrated a small rise. IOTA was up by 1.4% to the $0.295 level with VET also up by around the same margin. HOT, QTUM and LINK were only slightly down, whilst WAVES remained static at the $2.73 level. ZIL, ZRX and XMR showed slight gains ranging from 0.4 to 0.8%, whilst TRON, BTT, ICX and ONT were down with the Bittorrent token slumping considerably by around 4%.

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