Business 14 September 2018Gerald 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.
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