Crypto market daily report – May 14, 2019

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The positive streak continues for cryptocurrency markets with several coins reaching yearly highs as turnover increases exponentially across all exchanges. Bitcoin Core (BTC) was up by around 10% and was briefly over the $8,000 mark before retreating slightly to trade at around $7,960 on Tuesday. Another stellar performer was Ethereum (ETH), which sailed over the $200 mark on the back of a 10% increase and was trading at around $208 at press time.

However, the star performer in the Top 10 was undoubtedly Ripple (XRP), which finally crashed out of its long slumber and rose by an impressive 24% to touch the $0.40 mark. BCHABC was also up by around 11% to also touch the $400 mark, whilst Litecoin (LTC) rose by a more conservative 6% to the $91.50 level. EOS was also up by a considerable 14% to the $6.14 mark—a 2019 high—whilst Bitcoin SV (BSV) also continued an impressive recent run with another 9% increase to the $62 level. NEO was up by 10% to the $10.41 level, whilst Stellar (XLM) also recovered quite impressively to charge forward and trade at the $0.11 mark at press time. IOTA was up by another impressive 15% to the $0.36 mark, whilst Cardano (ADA) was up by 9% to the $0.08 mark.

Cryptocurrencies with smaller market caps also demonstrated considerable increases with MATIC perhaps the most impressive of them all with a whopping 58% increase, whilst Ethereum Classic (ETC) was up by another considerable 9% to the $6.50 mark. Other coins showed more conservative gains with ATOM, ICX and BAT up by just over 2% each, whilst Binance Coin (BNB) continued its impressive run with another 5% increase to top to $24 level. Although the Binance exchange hack last week had created some alarm with the coin dropping well below the $20 level it has recovered nicely over the past few days. A surprisingly negative performer was Waves, which was down by around 2% over a 24-hour period.

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