Business

Gerald Fenech

Crypto market daily report – May 29, 2019

The cryptocurrency markets experienced a slight pullback on Wednesday morning with most coins down over a 24-hour period. Bitcoin Core (BTC) was down by around 2% to the $8522 mark at press time with volume also correspondingly down. Ethereum (ETH) retreated to below the $265 level, although the decline was minimal at less than 1% overall. Ripple (XRP) was the only Top 10 coin in positive territory where it rose by 2% to the $0.43 level, although it had admittedly touched the $0.45 mark on Tuesday evening.

Also bucking the trend was Bitcoin SV (BSV), which was up by around 1.5% to the $118 level. Monero (XMR) was down by around 5% to below the $92 mark, whilst DASH continued losing ground and was down by around 1% to the $164 level. Litecoin (LTC) declined by a similar level to the $111 mark, although it was still up by an impressive 20% over the past week. Cardano (ADA) was down by around 6% to the $0.0877 level, whilst BCHABC also bucked the trend slightly on the back of a 2% increase to the $436 level.

NEO was down by 5% to the $12 level, whilst IOTA continued rising on the back of a new tech announcement, and was up by 10% to the $0.47 level. EOS also retreated slightly after reaching the $8 mark on Tuesday when it fell by just over 1% to the $7.70 level. Stellar Lumens (XLM) was down by 2% to the $0.13 level, whilst Binance Coin (BNB) also continued losing ground and was down by a considerable 5% to the $31.90 level.

Coins with smaller market caps also saw some losses, with BTT and TRON down by around 5% each. FET was down by 4% to the $0.17 level whilst Ethereum Classic (ETC) and VET were also down by around 4% with the former once again dropping below the $8 mark. ZEC, IOST, BAT and ATOM also saw declines ranging from 4 to 1%.

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