Crypto market daily report – May 28, 2019

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The cryptocurrency markets continued to rise exponentially over the past 24 hours with the vast majority of coins showing considerable gains. Bitcoin Core (BTC) eased back to around the $8,650 mark after having risen to the $8,800 level on Monday afternoon. After topping the $270 mark on Monday, Ethereum (ETH) was stable at around the $266 level on Tuesday morning. Undoubtedly the biggest gainer of the larger market cap coins was EOS, which was up by an impressive 17% on Tuesday morning and was trading at the $7.75 mark at press time—a 2019 high and a level that has not been seen since September 2018.

Other larger market cap coins also showed considerable increases with Ripple (XRP) up by around 6% to the $0.42 level after having gone as high as the $0.44 mark on Monday afternoon before easing back slightly.

Bitcoin SV (BSV) was another gainer and continued its inexorable rise upwards, trading at the $118 mark on Tuesday morning—an 8% increase and another 2019 high.

Cardano (ADA) was up by a more moderate 3% to the $0.088 level, whilst NEO appeared flat at the $12 mark. BCHABC was also in positive territory and gained another 2% to the $430 level having risen considerably on Monday. Litecoin (LTC) also maintained its momentum and was trading at around $114 at press time, or an increase of around 2% overall.

Smaller market cap coins also showed positive movement overall with TRON and BTT leading the charge on the back of 7% and 10% increases respectively. Ethereum Classic (ETC) was also in positive territory with a rise of 7% to the $8.20 level—another 2019 high—whilst ONT, HOT and VET were in positive territory with increases ranging from 4 to 9%. IOTA also showed positive movement and was trading at around $0.42 at press time on Tuesday, or a 5% increase.

Other positive performances included IOST, BAT and ZEC with the latter demonstrating a considerable rise of around 11% overall.

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