Business 14 September 2018

Gerald Fenech

Crypto market daily report – September 14, 2018

Thursday saw a strong recovery in the crypto markets as almost all currencies showed strong gains with BTC easily topping the $6,500 level and even flirted with the $6,600 mark on Friday at press time. Bitcoin Cash also posted a good recovery, rising by well over 10% to the $470 mark after a week of consistently losing in price and appeared to be poised for further gains during the next 24 hours.

Ethereum registered a remarkable recovery where it recovered to the $220 level—a 30% increase over 48 hours after there were fears that the currency might even collapse. Ripple also registered an increase, although this was more modest at around the 5% mark for a price of $0.28 at press time. Litecoin was up by around 10% to the $55.50 level as turnover increased dramatically here. EOS also increased by about 10% to reach the $5.50 level on the back of a good recovery.

Other currencies also demonstrated good movement upwards with a 5% increase to the $18.60 mark, whilst Stellar was also up by around 4% to the $0.21 mark. IOTA was also up by around 8% to the $0.60 level, whilst Cardano retained the $0.07 level on the back of a 7% increase. Ethereum Classic registered a slightly lesser increase of around 3% to settle at the $11.20 level, whilst ICX and ONT were up by a similar 8% to $0.65 and $1.90 respectively.

Currencies with smaller market caps also saw good increases overall with VET up by around 5% to the $0.014 level, whilst QTUM was up by a similar 5% to the $3.55 level. NULS reached the $1.20 mark on the back of a 2% increase.

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.

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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