Crypto market daily report – May 13, 2019
The cryptocurrency markets performed impressively over the weekend with Bitcoin Core (BTC) leading the charge and rising no less than 20% over 48 hours to touch the $7,500 mark at one point on Sunday morning. However, there was an expected correction, with the cryptocurrency dropping by no less than 7% to under the $6800 level, before recovering to the $7050 mark at press time on Monday morning.
Ethereum (ETH) also rose considerably over the past 24 hours and was over the $200 mark on Sunday morning—a level not seen since November 2018. The second largest cryptocurrency by market cap was trading at around $190 at press time or down by around 4% overall.
Other larger cryptocurrencies by market cap also showed healthy gains, with Bitcoin Cash (BCHABC) rising by an impressive 30% to reach the $380 mark on Sunday, before declining to around $360 on Monday at press time.
Bitcoin SV (BSV) was also up by around 8% overall and was trading at the $58 mark at press time with a charge to the $60 level not untoward. Ripple (XRP) was rather flat for most of the weekend, although it did regain the $0.32 level on Monday. Litecoin (LTC) was also on a bull run, touching the $90 level on Sunday before falling back to around $86 on Monday morning, or a decline of around 5%.
Stellar (XLM) was down by roughly 4% to the $0.10 level, whilst NEO continued losing ground with a 5% drop to the $9.46 mark. IOTA was in positive territory, on the back of a 6% increase, to just over the $0.31 mark. DASH was on a roll and was up by 8% to the $130 level while other smaller market cap currencies such as ETC, NANO, VET, IOST and ICX were all slightly down on Monday after having registered considerable gains over the weekend.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB 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.