Business

Gerald Fenech

Crypto market daily report – May 2, 2019

The cryptocurrency markets remained at much the same levels on Thursday morning as most of the major coins held on to the modest gains of the past few days. Bitcoin Core (BTC) was up by around 1% and was trading at just below the $5,400 level at press time. Ethereum (ETH) was flat at around the $161 level with no movement either way, whilst Ripple (XRP) was down by around 1% to the $0.3002 level after having gained around 3% over the first days of the week.

Other coins with larger market caps also showed little movement with Litecoin (LTC) flat at the $73.20 level, whilst BCHABC was up by around 1% to the $570 mark. Bitcoin SV (BSV) was down by around 0.5% to the $53 mark, although movement was very stable at any rate. NEO was up by around 1% to the $9.80 level and appeared to be creeping towards the $10 mark slowly. Conversely, Stellar (XLM) was down by around 1% to the $0.10 level whilst both Cardano (ADA) and IOTA continued losing ground, the former a relatively conservative 0.5% to the $0.068 level whilst the latter was down by a more considerable 2.5% and was just below the $0.30 level trading at exactly $0.29 at press time.

Other coins with smaller market caps had mixed fortunes but most were generally stable. Amongst the positive movers was DASH which was up by 3% to the $116 level, whilst Monero (XMR) was also up by around 4% to the $65.90 level. WAVES, NULS and LINK were down by 1% and 2%. NANO and ICX were also down by similar margins, whilst VET remained relatively flat. Ethereum Classic (ETC) lost around 2% and was trading at around $5.80 at press time, whilst TRON was also down by around 1% to the $0.023 level.

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