Crypto market daily report – September 5, 2018

The cryptocurrency markets continued their slow increase on Wednesday morning, with BTC approaching the $7,400 mark on the back of continual rumours that a bull run is imminent. At press time, BTC was trading at around the $7,370 mark but appeared primed for further gains over the coming 24 hours. In fact, there has been confirmation that there are bullish indicators for the world’s largest cryptocurrency by market cap for the first time in eight months, although that is not necessarily a sign that there will be a mad rush upwards.

Bitcoin Cash also held up well on the $630 level and was making small pushes upwards towards the $650 level with a possible breakout towards the $700-$800 levels appearing possible in the next 24-48 hours.

The biggest disappointment in this slow increase across the board remained Ripple, which continued a small but continuous decline, trading at just below the $0.33 level at press time. Ethereum also remained stuck at the $285 level at press time on Wednesday; while EOS appeared quite static and remained at the $6.50 level where it seems to have stalled overall. Litecoin continued its small but inexorable march towards the $70 mark, settling at the $68 level at press time.

Currencies with smaller market caps had mixed fortunes but NEO and XLM appeared to be moving up on a consistent level. The former registered a 5% increase and traded at the $24.10 level at press time, whilst the latter registered a similar increase to retake the $0.23 level. IOTA remained static at the $0.70 level, whilst Cardano registered a minimal 1% increase to the $0.11 level. Ethereum Classic retraced slightly from the $14 level to around $13.80. ICX was down to the $0.92 level, whilst VET remained at around $0.019 or a 1% decrease, and Dash registered a minor 1% increase to the $217 mark.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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