Business

Gerald Fenech

Crypto market daily report – May 10, 2019

The cryptocurrency markets continued to perform well over the past 24 hours with Bitcoin Core (BTC) consolidating beyond the $6,200 level, trading at around $6,290 at press time on Friday. Ethereum (ETH) also demonstrated some improvement and was up by around 2.5% to the $174 level on Friday morning after dropping below the $170 mark on Thursday afternoon.

Other coins with larger market caps also demonstrated some improvement. Litecoin (LTC) was up by around 3% to the $76.50 level, whilst Bitcoin Cash (BCHABC) was also up by around 1% to the $290 mark. However, both Ripple (XRP) and EOS remained flat with the former still remaining below the $0.30 level at $0.2988 and the latter trading at around the $4.90 mark.

Bitcoin SV (BSV) continued gaining and was up by a considerable 4% to the $57 level, whilst DASH recovered some of its past losses and was trading at around $114 at press time. Cardano (ADA) was up by around 3% to the $0.064 mark, whilst NEO remained flat at around the $8.90 level. Stellar (XLM) increased slightly by around 1% to the $0.091 mark, with IOTA also showing a similar increase to trade at the $0.278 mark.

Currencies with smaller market caps had mixed fortunes with one of the main gainers being BAT which was up by 7% to the $0.32 mark. Ethereum Classic (ETC) was down by 1% to the $5.63 level, whilst VET and ICX also registered losses of around 5 and 3% respectively. Other outliers included MATIC which was up by an impressive 10%, whilst WAVES was up to the $2.25 level on the back of a 1% increase. NANO was also up by around 1.5% to the $1.52 level, whilst QTUM, ZIL, XELR and HOT all registered losses with the latter dropping by as much as 6%.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC 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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