Business

Gerald Fenech

Crypto market daily report – May 24, 2019

The cryptocurrency markets experienced a slight recovery on Thursday and Friday morning, with most coins up by small margins. Bitcoin Core (BTC) was up by around 3% to the $7810 mark, and appeared well supported at this level, although turnover was in decline.

Ethereum also experienced a similar rise of around 3% to the $243 level but was well below its high of $270 only a few days ago. Bitcoin SV (BSV) retained the $98 level after a slight pushback, but was still well supported at this mark.

Other cryptocurrencies with larger market caps also showed some positive movement upward. Ripple was up by 2% to the $0.376 level whilst Bitcoin Cash (BCHABC) was also up by around 4% to the $396 mark. Binance Coin showed resilience and once again demonstrated a bullish trend to rise by 5% to the $32 mark having only lost slightly in the recent pullback. EOS was up by 3% to the $6 level whilst Litecoin also increased by a similar margin to the $89 mark on the back of a 3.5% increase and appeared to be moving towards the $90 level sooner rather than later.

Cardano was also up by a rather healthy 4% to the $0.787 level whilst NEO rose by a more conservative 2% to the $11.20 level. Stellar was also up by 2% to the $0.122 level whilst IOTA recouped some of its recent losses to trade at the $0.384 level or a 4% increase.

Currencies with smaller market caps also had a generally positive experience overall with THETA leading the way on the back of a 34% increase and a $0.136 price level. Ethereum Classic was also up by 4% to the $7 mark whilst WAVES also showed considerable momentum to trade at the $2.98 level at press time on Friday. BTT was up by an impressive 21% whilst MATIC and CELR ceded some of the huge gains made over the past days with decreases of 22% and 13% respectively.

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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