Business 13 September 2018Gerald Fenech
Crypto market daily report – September 13, 2018
The cryptocurrency markets has been showing some signs of recovery with most of the Top Ten cryptocurrencies demonstrating slight gains over the past 24 hours. BTC was up by around 2% to the $6,400 level and seemed to be holding there, although turnover was still quite low. Bitcoin Cash also showed some signs of life and was trading at the $435 level at press time on Thursday, also an increase of around 3% after having dropped dangerously close to the $400 level on Wednesday.
Ripple also showed some signs of a small recovery on small turnover rising by around 6% to reach the $0.27 mark, whilst Ethereum was by far the biggest gainer when it rose by 12% to the $190 level at press time. Litecoin was also up by around 7% to easily regain the $50 level and was trading at around $53 at press time. EOS also showed positive signs of recovery and appeared to fall just short of the $5 level, where it traded at around the $4.95 mark at press time.
Other currencies with smaller market caps also showed considerable improvement over the past 24 hours. NEO was up by 8% to the $18 level, whilst Stellar also showed considerable improvement with an 8% increase to trade at around $0.20 at press time. IOTA achieved a similar 7% increase to the $0.55 mark, whilst ICX bucked the trend with an 11% increase where it reached the $0.60 mark. Cardano also improved albeit by a more modest 5% to the $0.065 level, whilst Ethereum Classic achieved a similar climb to the $10.80 level on a 4% rise.
Dash was up by just over the 1% level to the $181 mark, whilst other cryptocurrencies by smaller market cap such as QTUM and NULS saw good increases of around 5% and 8% respectively. VET was by far the biggest gainer out of the smaller currencies with a 15% rise to the $0.014 mark.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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