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%.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

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