Crypto market daily report – May 15, 2019

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The cryptocurrency markets continued to rise considerably over the past 24 hours, with Bitcoin Core (BTC) consolidating at just around the $8,000 mark. In fact, BTC was trading at the $7,950 level at press time—slightly under the $8,000 benchmark. It had reached a high of around $8,275 on Tuesday at one point.

Ethereum (ETH) also performed excellently over the past 24 hours and was up by around 10% to the $220 level at press time on Wednesday. Litecoin (LTC) was relatively flat at around the $91 mark on Wednesday, whilst BCHABC retreated slightly in anticipation of the May 15 hard fork and was trading at around the $385 level on Wednesday. Bitcoin SV (BSV) was slightly up by around 2% to the $63 level as it continued gaining traction.

The day’s top gainer continued to be Ripple (XRP) with another 18% rise to the $0.43 level on the back of a similar gain made on Tuesday. EOS was up by 3% to the $6 level as it continued consolidating, whilst Cardano (ADA) posted another impressive 10% gain and traded at the $0.846 level on Wednesday which was a high for the past two months. NEO also continued posting gains and rose by around 10% to the $11 level, whilst Stellar Lumens (XLM) performed even better and was up by around12% to the $0.12 level also a high for the year. IOTA was up by around 9% to touch the $0.373 level as the coin benefited from the general bullish environment.

Coins with smaller market caps also performed pretty well with LINK and ONT posting the best gains over the past 24 hours at 19 and 15% respectively. Ethereum Classic (ETC) was also up considerably with a rise of around 4% to the $6.56 level, whilst CELR, FET and ATOM also posted considerable gains with rises of 10 and 6% respectively. ZIL and QTUM were up by 8%, whilst BAT posted a more modest 4% rise. NANO and IOST were also up by 4 and 7% respectively, whilst WAVES was down by around 1%.

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