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.

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.

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