Business

Gerald Fenech

Crypto market daily report – May 20, 2019

The cryptocurrency markets continued to maintain the gains that they had established over the past week after a considerable dip on Friday. Bitcoin Core (BTC) was up by around 10% after having dropped below the $7,000 level over the weekend and was trading at around $8,000 at press time on Monday after even having reached the $8,200 level at one point. Ethereum (ETH) was also up by around 6% and was trading at the $250 level at press time. Bitcoin SV (BSV) remained at relatively the same level over the weekend and was trading at the $63 level at press time.

Other coins with larger market caps also performed quite well although gains were being pared back on Monday morning. BCHABC was up by around 4% to the $407 level after having reached the $420 mark at one point on Sunday evening. EOS was relatively flat at the $6.23 level, whilst Litecoin (LTC) was in reverse and was trading at the $91 level at press time on Monday. Cardano (ADA) was also down by 2% to the $0.082 level, whilst Stellar (XLM) and NEO experienced slightly less pronounced losses at 0.5 and 1% respectively. IOTA was also slightly down at the $0.40 level after having gone considerably up on Sunday, gaining almost 10%.

Cryptocurrencies with smaller market caps also had somewhat mixed fortunes with some making gains and others down. The chief gainer was DASH which was up by no less than 10% and was trading at the $164 level at press time on Monday—a 2019 high for the coin. Ethereum Classic (ETC) was down by 3% to the $7.50 level, whilst BAT lost a further 5% to the $0.3665 mark. ATOM, ONT and VET were all down by carrying degrees ranging from 3% to 1%, whilst FET and CELR bucked the trend with massive increases of 29% each. MATIC was also up by an impressive 30% and was trading over the $0.02 level for the first time. BNB held on to its impressive gains over the past 48 hours and was trading at $28.60 at press time.

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