Business

Gerald Fenech

Crypto market daily report – May 1, 2019

The cryptocurrency markets experienced a small revival on Wednesday morning as most coins were up by respectable margins over a 24-hour period. Bitcoin Core (BTC) was up by around 3% to the $5,350 level, whilst Ethereum (ETH) also experienced a similar rise to the $161 mark on the back of a 3% increase. Other coins with larger market caps also experienced considerable increases, with BCHABC leading on the back of a 12% increase with the price rising to the $268 level. Litecoin (LTC) was also up by around 6% to the $74 level, whilst Ripple (XRP) was also considerably up by around 5% to the $0.305 level after having risen to the $0.31 mark.

Other coins in the Top 10 were also up, with EOS rising by around 4% and Cardano (ADA) also rising by a similar amount to the $0.069 mark where it could easily regain the $0.08 mark on the back of a bull run. NEO was also up by around 3% to the $9.70 level, whilst Stellar (XLM) continued to recover its recent slump where it rose by around 7% to the $0.1019 mark.

Bitcoin SV (BSV) was also on the up and recovered around 3% to the $54 level with renewed interest in the coin. After its recent bull run, IOTA had retreated slightly to the $0.29 level but recovered around 4% to the $0.30 mark.

Smaller market cap coins also experienced a considerable revival with Ethereum Classic (ETC) rising by a more conservative 4% to the $5.88 level whilst ONT, VET and CELR rose by a considerable 9% each. ONT regained the $1.10 level on the back of a 7% rise, whilst ATOM was also in positive territory with a 10% increase to the $4.16 level. Other coins such as BAT, WAVES and NANO were up by around 4% to 11% overall.

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