Business

Gerald Fenech

Crypto market daily report – May 23, 2019

The cryptocurrency market suffered a considerable setback on Wednesday evening when the vast majority of coins suffered a drop of around 6%. Bitcoin Core (BTC) continued falling and was trading at around $7,600 on Thursday, or a drop of 4%.

Ethereum (ETH) was also down by around 6% and was trading at the $237 at press time. Ripple (XRP) was also down by around 8% and traded at the $0.37 level. Bitcoin SV (BSV) was also considerably down by around 11% to the $93, although it remained well up over the past few days with an average 30% increase after the patent announcement.

Other larger market cap coins also suffered declines with Stellar leading the charge downward and an 11% drop to the $0.12 level at press time. NEO was also down by around 8% to the $11.50 level, whilst EOS suffered a 6% drop to the $5.86 level after having held the $6 mark for weeks on end.

Litecoin (LTC) was also down by 4% to the $87 level, whilst BCHABC also suffered a considerable 8% decline to the $382 level after having traded at well over the $400 mark for most of the week. Cardano (ADA) suffered a steep drop of around 10% to below the $0.08 level, whilst Binance Coin (BNB) was also down although by only around 2% to just under the $31 level—still a rather spectacular increase over the past week.

Currencies with smaller market caps also suffered considerable declines with most of them experiencing large drops. DASH was down by 8% to the $151 level, whilst Monero was down by a similar amount to the $83 level. IOTA slid by over 10% to the $0.37 mark, whilst Ethereum Classic (ETC) was down by 8% to the $6.80 level, whilst ATOM suffered a considerable decline of around 10% to the $4.23 level. ONT, ZCASH and BAT were also down by around 6%-8% respectively, with VET and QTUM dropping 7% and 11% respectively.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC 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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