Crypto market daily report – September 5, 2018
Bitcoin Cash 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.
Bitcoin Cash 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.
Bitcoin Cash was relatively stable trading between the $620 and $640 mark on Tuesday morning at press time—it practically remained in the same price levels all day with only minor movements up or down.
The cryptocurrency market continued to maintain the gains achieved on Tuesday with the vast majority of the top coins holding on or even increasing their prices. Bitcoin Cash was up by around 2% to trade at the $560 level, spurred by the positive momentum that prevailed across the markets.
David Schwartz, chief technology officer at Ripple Labs, has published a paper claiming XRP cryptocurrency is actually more decentralized than Ethereum and BTC, in the latest attempt to persuade the skeptics.
The cryptocurrency market experienced another downturn on Wednesday afternoon and Thursday morning, with most major currencies seeing the gains made on Tuesday vanish within a matter of a few hours.
The cryptocurrency market appeared to be in a state of flux with most coins experiencing sharp downturns.
Bitcoin Cash recovered well and was trading at around the $510 level, which means an increase of around 6% over a 24-hour period.
Bitcoin Cash did not proffer much movement and was trading at around $690 at press time—quite close to its yearly low with spiralling turnover.
The cryptocurrency market continued its decline on early Friday morning as a negative sentiment seemed to prevail over all the Top 10 coins.
The cryptocurrency markets continued their positive trend in the past 24 hours with most of the Top 10 coins showing good gains.
Bitcoin Cash traded up as much as 10% to the $870 mark before easing back slightly to register $850 at press time.
Bitcoin Cash was up by around 5% to trade at the $820 level at press time on Monday with a further push expected.