Crypto market daily report – November 7, 2018
The cryptocurrency markets continued to post slight gains on Wednesday morning, with Bitcoin Cash still on an impressive run—surpassing the $600 level on Tuesday evening and settling at around $620 at press time on Wednesday.
BTC, meanwhile, reached the $6,550 mark and was pushing towards the $6,600 level. Ripple gave back some of its gains over the past 48 hours and was down by around 2% at press time to the $0.54 level, although it was still the second highest traded currency on Binance. Ethereum plodded steadily upwards reaching the $220 level at press time on Wednesday, whilst EOS continued gaining traction and was up by a further 2% to the $5.70 mark although turnover remains something of a concern here.
Other top 10 currencies had mixed fortunes with Litecoin only rising by around 2%, whilst Stellar shot up by 8% to the $0.27 mark—the highest level it has been for some time now. NEO continued to perform sluggishly and was only at around $17 at press time on Wednesday—a 2% increase—whilst Cardano held on the $0.08 level before dropping briefly below that on Tuesday. TRON remained relatively static at the $0.024 mark, whilst Ethereum Classic hovered around the $9.70 level at press time on Wednesday.
Currencies with smaller market caps also remained relatively stable over the Tuesday-Wednesday period, with IOTA hovering around the $0.51 level or a 2% increase. ICX regained the $0.66 mark on the back of a 3% rise, whilst VET and QTUM performed better with 5 and 6% rises respectively. Binance Coin was flat at the $9.90 level or a 2% increase, whilst NULS posted a 4% increase to the $1.13 level.
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.
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