Crypto market daily report – March 8, 2019

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The cryptocurrency markets appeared stable on Friday morning at press time with most currencies holding on to their previous day’s price range with relatively small movements either way. Bitcoin Core (BTC) was up by around 1% to breach the $3,900 level although turnover was relatively low at under $100 billion on Binance. Litecoin (LTC) continued its upward trend and was trading at $56 at press time.

Ethereum (ETH) was stable at the $137 mark, whilst Binance Coin (BNB) gave up some of its gains over the past 24 hours and dropped below the $15 level or a 3.8% decrease to the $14.50. Still, this coin showed remarkable resilience over the past few days where it rose by almost 100% in a week. EOS was down by 1% to the $3.72 level, whilst Ripple (XRP) also ceded 1% to the $0.312 mark. As already indicated several times, the trade range of XRP has continued across these levels for several weeks with no apparent movement either way.

Bitcoin SV (BSV) saw a considerable increase over the past 24 hours and breached the $67 level on the back of a 2% increase to settle at the $67.40 mark. Cardano (ADA) and NEO were also by with the former gaining a mere 0.5%, whilst the latter was up by almost 3% to the $9 level. Stellar Lumens (XLM) was another bright star in the sky with an increase of 4.5% to the $0.088 level and appeared to be charging towards the $0.09 level soon.

Currencies with smaller market caps saw relatively large increases with some even close to double digits. ONT was up by 3% and was banging at the $1 mark, whilst ICX shot up by 9% to the $0.315 level. Conversely, Bitcoin Cash (BCHABC) ceded some ground where it dropped by 2% to dip below the $130 level and was trading at $129 at press time. Ethereum Classic (ETC) was stable at $4.33, whilst HOT, LINK and BAT saw increase of 8%, 11 and 12% respectively.

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