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.
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