Business

Gerald Fenech

Crypto market daily report – May 28, 2019

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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