Business

Gerald Fenech

Crypto market daily report – March 27, 2019

The cryptocurrency markets saw minor gains on Wednesday morning at press time with most of the major coins observing a slight increase. Bitcoin Core (BTC) was up by around 3% to the $4,000 level, whilst Ethereum (ETH) was also up by around 3% to the $138 level—an excellent increase when compared to the quasi $130 levels that it had sunk to over the past few days.

The real star performer of the larger market cap currencies was definitely Cardano (ADA), which shot up to the $0.065 mark or a 13% increase on Binance. This could be attributable to recent press coverage that rather lauded the coin of late and with its founder Charles Hoskinson also in the news, the positive vibe definitely pushed the coin up in price. Ripple (XRP) was also up by around 2.5% and regained the $0.30 level, although this was a relatively minor movement. Litecoin (LTC) also regained the psychologically significant $60 level, whilst BCHABC was also up by a considerable 6% to trade at the $166 level at press time.

Coins with smaller market caps also saw some increases across the board although there were some slight exceptions. Stellar charged back over the $0.15 level on the back of a 6% increase, whilst NEO also comfortably sailed over the $9 mark where it traded at $9.12 at press time on Wednesday—a 4% increase. ICX and ONT were also up by 4.5% and 6% respectively, whilst IOST was up by around 4% to the $0.0086 margin. Ethereum Classic (ETC) also registered a small increase and was trading at around the $4.75 mark or an increase of around 2%.

Bitcoin SV (BSV) appeared stable at the $64.50 level, whilst VET also saw a considerable 4% increase. WAVES and ONG were also up by 3% and 4% respectively, whilst IOTA and QTUM registered almost similar increases of 4% and 5% with the latter once again regaining the $0.30 level.

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