Business

Gerald Fenech

Crypto market daily report – May 27, 2019

The cryptocurrency markets demonstrated considerable bullish movement on Sunday with Bitcoin Core (BTC) rising by an impressive 9% to the $8,685 mark which represents a high for the year and almost at the level of the same time last year.

Ethereum (ETH) was also up by 8% to the $266 mark, whilst Litecoin was up by 13% to the $113 mark on the back of vastly increased turnover. Bitcoin SV (BSV) was perhaps the currency which gained spectacularly with a massive 26% rise to the $114 level.

Other cryptocurrencies with larger market caps also demonstrated considerable gains. Ripple (XRP) was once again over the $0.40 mark with an 8% increase to the $0.4089 level on Monday. Another impressive performer was EOS which was up by no less than 10% to the $6.92 level—another high for 2019. BCHABC was also up by a similar amount to the $433 mark. NEO was up by a more conservative 7% to the $12.04 mark, whilst Stellar Lumens (XLM) rose by 8% to regain the $0.13 level. Cardano (ADA) was up by a similar 7% to the $0.085 level, whilst IOTA was up by a less spectacular 5% to the $0.40 level.

Cryptocurrencies with smaller market caps also rose considerably with Monero (XMR) rising by 10% to the $93.50 level, whilst Ethereum Classic (ETC) was also up by around 8% to the $7.71 mark. ONT and MITH rose by 7% and 6% respectively, whilst VET and ATOM had more conservative rises of 4% and 5% each.

After another spectacular weekend where it exceeded the $35 level, Binance Coin (BNB) was down to below the $34 level at press time although it appeared to be on the rise again. Currencies which were down in price included MATIC and TFUEL, which lost 11% each after their massive pumps last week.

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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