Business

Gerald Fenech

Crypto market daily report – March 22, 2019

The cryptocurrency markets began a steady decline as of Thursday afternoon with most coins losing a considerable amount of value and the ones that had shown positive movement over the past few days practically erasing all their gains. It seems that the markets are destined to remain stuck for a long period with no real recovery on the horizon. Bitcoin Core (BTC) dropped below the $4,000 mark and was trading at around $3970 at press time on Friday on vastly increased turnover indicating a possible sell off. Bitcoin SV (BSV) was also down by around 1.5% to just over the $65 mark.

Ethereum (ETH) was also down although by just under 3% to the $135 level having dropped even below that mark at press time on Friday after which it staged a small recovery. Other coins also saw declines with Ripple (XRP) finally ceding the $0.31 level and EOS also dropping down by around 4% to the $3.60 mark. One of the few outliers in this sea of red was Cardano (ADA) which saw its stock increase by around 5% to the $0.056 level. Conversely BCHABC was down by around 5% to the $151 level having lost almost 10% over the past few days.

Other larger cap currencies also saw their stock decline with Stellar Lumens (XLM) dropping by another 5% on the back of Thursday’s 7% slide to settle at the $0.105 mark. Litecoin (LTC) was down by 3% to the $58 level whilst NEO was down by a similar amount to just below the $9 mark. IOTA also showed positive movement up by around 5% to the $0.311 mark, no doubt on the back of a recent development where the cryptocurrency can be used to pay at major coffee shops.

Smaller market cap currencies had a mixed performance with Ethereum Classic (ETC) continuing a steady rise to the $4.85 level—another 3% increase. Other currencies saw considerable declines with ONT down 9%, FET down 7%, BTT down 5% and ICX down 6% overall.

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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