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%.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC 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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