Business

Gerald Fenech

Crypto market daily report – March 29, 2019

The cryptocurrency market continued on a relatively stable footing as most coins remained at their previous levels over a 24-hour period, whilst Bitcoin Core (BTC) continued to rise and breach the $4,050 mark at press time on Friday. This was a rise of around 1% and seemed to be supported by healthy turnover levels. Ethereum (ETH) was also slightly up although by a more conservative 0.5% to the $138.50 level, although it had reached the $140 mark at one point.

Currencies with larger market caps also remained relatively stable. Ripple (XRP) was up to around $0.31 although the movement was quite staid and even an announcement of a new XRapid technology failed to move the third largest cryptocurrency by market cap. EOS declined slightly to settle at the $4.24 mark, whilst Litecoin (LTC) was also slightly down but still held above the $60 level. Cardano (ADA) continued to rise considerably and settled at around the $0.07 level which is a rise of almost 40% since the beginning of the year. NEO was up by a relatively conservative 1% to the $9.32 level, whilst Stellar Lumens (XLM) settled at the $0,106 mark on the back of a small decline.

Currencies with smaller market caps had slightly a mixed bag of luck over the past few hours with BAT perhaps the star performer where it rose by a considerable 10% to the $0.27 level whilst Bitcoin SV (BSV) remained relatively stuck at just over the $64 level. ICX and ONT were static with negligible rises, whilst BTT and TRON were also up, the latter by around 4% to the $0.023 level. BCHABC was also up by around 1% to the $168 level, whilst Binance Coin (BNB) settled at the $16.70 level.

Ethereum Classic (EtC) also showed some positive movement to settle at the $4.72 mark, with IOTA once again regaining the $0.30 mark. Other notable movers were QTUM, NULS and VET with positive moves of around 2 to 5% overall.

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