Crypto market daily report – November 16, 2018

The cryptocurrency markets continued on their inexorable freefall over the past 24 hours with almost all major currencies showing a considerable decline across the board. BTC settled at around $5,600, a new yearly low with turnover almost tripling to $265 million on Binance. Ethereum was also down considerably and after dipping to the $170 mark, rose slightly to the $180 level. The second largest cryptocurrency by market cap has been rapidly losing volume and price and is now more than 90% off its all time high.

Ripple was also down to the $0.45 level but eventually recovered slightly to the $0.47 mark, whilst Bitcoin Cash has now forked with the price of BCHSV at $123 or a 38% jump and the price of BCH ABC at $300 – remaining relatively unchanged after the fork. It still remains to be seen what is going to happen to these prices in the immediate future. It seems that customers are also being short-changed on the Bitcoin.com wallet with the levels of the price fluctuating wildly but mostly down to well below the current total price of both forks.

Litecoin was down by around 1% to the $43.41 level, whilst NEO was also down to the 12.80 level—a decrease of 2.85%. Stellar was the only currency which was in positive territory where it rose by 2% to the $0.24 level. Ethereum Classic was also down by a similar 2% to the $7.60 level, whilst TRX remained relatively stable at the $0.019 level. Other smaller market caps retreated slightly with ADA dropping by 2% to the $0.0674 mark and IOTA down to the $0.41 mark. Binance Coin also suffered a considerable decrease to the $0.41 mark or around 4%, whilst ICX and NULS were down by 3 and 5% respectively. ONT also suffered a 3% decline to the $1.39 level, whilst VET was down to the 0.0078 mark or a 3% decline.

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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Crypto market daily report – November 15, 2018

The cryptocurrency markets experienced a massive crash on Wednesday afternoon with the rout continuing well into the night and on Thursday morning. BTC plummeted by over 10% to the $5,700 level—a new low for 2018 as a huge selloff drove the largest currency by market cap into freefall.

Ethereum also experienced a similar savage drop, which was even more pronounced after the currency fell to below the $180 level on very high turnover. It eventually recovered slightly to the $183 level at press time on Thursday. Bitcoin BCH also dropped heavily by as much as 15% to settle at the $460 level pre-protocol upgrade, although there could be further instability in the run up to the much anticipated event. Ripple was also down heavily by as much as 10% to the $0.47 mark as the sell off affected practically all major currencies.

EOS and Stellar also saw considerable drops of 12 and 9% respectively, with the former’s price settling at around the $4.66 level, whilst the latter gave up all the gains of the past week to trade at the $0.24 mark. Litecoin slumped by as much as 13% to the $44 mark—a level not seen since it first started to rise over a year ago. NEO continued to crash and reached a yearly low of $13, which was almost 90% off its all time high of $190 reached in January.

Other currencies with smaller market caps also saw massive drops with Ethereum Classic falling a massive 17% to the $7.85 level, a price not seen for over two years. Cardano was also down by a similarly huge 15% to the $0.063 mark, whilst IOTA also lost heavily and was down by 16% to the $0.43 mark, also a record low this year. Currencies such as ICX, QTUM, VET and NULS lost similarly badly with drops ranging from 12 to 16%, whilst BNB suffered a less drastic 10% drop to the $8.42 level.

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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Crypto market daily report – November 12, 2018

The cryptocurrency markets continued to look rather subdued on Monday morning with most of the major currencies experiencing a downward trend. However, coins such as Stellar, Cardano and ZCash were in positive territory, undoubtedly due to the fact that they would soon be listed on Coinbase.

BTC recovered from its recent slump to trade at around the $6,450 level at press time on Monday, whilst Bitcoin Cash traded at around the $510 level on Monday at press time. This represents a 20% decline over the price last week, although things could change very soon after the protocol upgrade on November 15.

Ethereum also lost some ground from last week, although the changes were minimal as the second largest cryptocurrency by market cap traded at around $212 at press time on Monday. Ripple regained the $0.50 mark with a slight uptick over Sunday, after it had dropped to the $0.47 level over the weekend on considerably low turnover. Litecoin was also down to around $50, a 5% drop from last week, whilst EOS continued losing ground to the $5.40 level although it appeared to be stemming its losses to around that level.

Currencies with smaller market caps also saw some decreases although as already stated above, there were some exceptions. Stellar was up 6% to the $0.28 level, whilst Cardano went up to the $0.077 level before dropping back to the $0.075 mark on low turnover. Other currencies lost ground including NEO which was down to the $15.90 mark—a decrease of 1%–whilst Tron experienced a 3% drop to the $0.022 mark. Ethereum Classic was also down to the $9.25 level, whilst IOTA was up by 2% to the $0.50 mark. ZCash was up to the $122 level whilst BNB traded down by a similar amount to the $9.47 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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Crypto market daily report – November 9, 2018

The markets were in a considerably duller mood over the past 24 hours as practically all major currencies gave up some of the gains achieved over the past week. BTC dropped below the $6,500 mark on Binance, although it seemed to be holding well on relatively low turnover. Bitcoin Cash also retreated slightly by about 2% to the $590 mark, remaining in second place as regards turnover.

Ripple continued declining by about 1% to the $0.51 mark, once again giving away most of its gains over the past week. It seems that rumours regarding a participation with SWIFT were just those—rumours. Ethereum also gave away some of its gains although the decline was relatively insignificant at just around 0.5%. Litecoin continued declining to the $53 level—another 2% drop.

The only currency which saw some positive movement was Stellar—it jumped around 6% to the $0.27 mark, whilst Cardano held on to the $0.077 level. NEO remained static at around $16.50, whilst Ethereum Classic also showed a small increase of around 1% to the $9.64 mark. EOS remained stuck at around the $5.56 level, whilst TRON was down by 1% to the $0.023 level.

Other larger currencies by market capitalization also saw slight declines. Dash was hovering around the $170 level on the back of the recent announcement that it will be moving forward on a Venezuela project where cryptocurrency can become available via SMS. ZCash was also static at around the $130 level, although it receded by far less than other currencies.

Coins with smaller market caps were either static or in decline. Binance Coin was down by around 1% to the $9.71 level, whilst IOTA also declined by a similar amount to below the $0.50 mark. ONT and VET remained static, whilst QTUM and NULS showed very small declines of around 1% with the rest of the market quite static.

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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Crypto market daily report – November 7, 2018

The cryptocurrency markets continued to post slight gains on Wednesday morning, with Bitcoin Cash still on an impressive run—surpassing the $600 level on Tuesday evening and settling at around $620 at press time on Wednesday.

BTC, meanwhile, reached the $6,550 mark and was pushing towards the $6,600 level. Ripple gave back some of its gains over the past 48 hours and was down by around 2% at press time to the $0.54 level, although it was still the second highest traded currency on Binance. Ethereum plodded steadily upwards reaching the $220 level at press time on Wednesday, whilst EOS continued gaining traction and was up by a further 2% to the $5.70 mark although turnover remains something of a concern here.

Other top 10 currencies had mixed fortunes with Litecoin only rising by around 2%, whilst Stellar shot up by 8% to the $0.27 mark—the highest level it has been for some time now. NEO continued to perform sluggishly and was only at around $17 at press time on Wednesday—a 2% increase—whilst Cardano held on the $0.08 level before dropping briefly below that on Tuesday. TRON remained relatively static at the $0.024 mark, whilst Ethereum Classic hovered around the $9.70 level at press time on Wednesday.

Currencies with smaller market caps also remained relatively stable over the Tuesday-Wednesday period, with IOTA hovering around the $0.51 level or a 2% increase. ICX regained the $0.66 mark on the back of a 3% rise, whilst VET and QTUM performed better with 5 and 6% rises respectively. Binance Coin was flat at the $9.90 level or a 2% increase, whilst NULS posted a 4% increase to the $1.13 level.

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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Crypto market daily report – November 6, 2018

The cryptocurrency markets held on to Monday’s strong gains with the top performers, Bitcoin Cash (BCH) and Ripple (XRP) maintaining their momentum.

Bitcoin BCH remained around the $560 level after having gained an astonishing 20% over the past two days and was well supported with strong turnover. Ripple, meanwhile, also shot up by 17% to touch the $0.55 mark. This was probably due to the news on the XRapid system which continues to be accepted by several major banks.

BTC held on to the $6,500 mark after having dropped briefly below the $6,400 mark on Monday, although turnover remained weak with XRP actually leapfrogging it on Binance. ETH posted a steady increase of around 4% to the $215 level and appeared poised to continue consolidating at this level, although again turnover remained a worrying factor. ETH’s poor performance of late means that XRP has now overtaken as the second largest coin by market cap.

Other coins from the Top 10 registered significant increases. Stellar and Cardano were both up by about 6% to $0.26 and $0.08 respectively, whilst NEO registered a more modest 3% increase to the $17 mark. LTC regained the $55 level on the back of a 4% increase whilst ETC was up by around 3% to the $9.70 mark. EOS was also up by around 4% to the $5.70 level. BNB registered a relatively insignificant 1% increase to trade at the $9.82 level at press time.

Smaller market cap coins had a more modest performance with IOTA and ONT registering relatively minor 2% increases. VET had a similar 2% increase to the $0.010 level, whilst ICX was the only coin that registered a decrease although this was less than 1%. QTUM was up by 2%, whilst PAX remained static.

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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Crypto market daily report – November 5, 2018

After a long hiatus where most of the major coins were sleepily lying in wait at record low levels, it seems that the bull has finally awakened and there is no better proof of this than Bitcoin Cash. The popular cryptocurrency roared ahead by no less than 25% over the weekend to settle at around the $560 mark on Binance at press time on Monday. This seems to be in anticipation of the protocol upgrade that should go ahead by November 15 with major cryptocurrency exchange Binance already declaring its support.

BTC increased by around 4% to settle at around $6,450 after it had been trading in the $6200-$6300 range for most of the past week. Ripple was also slightly up to the $0.47 point on some exchanges, although it seems to have settled at relatively that level for the past few weeks. EOS was also slightly up by around 1% to the $5.50 although some recent bad press could have a negative effect on the price in the short term.

Litecoin remained staid in the $53-54 position, whilst Dash saw a considerable increase of around 10% to the $165 level on the back of news that it was going to be involved with the Venezuelan government as a solution for the country’s terrifying recession. Ethereum slid back down to just over the $200 mark after having risen by 4% to around $215 on Sunday. Stellar remained relatively stable at the $0.24 level, whilst NEO posted a slight increase of around 5% on Sunday to just over the $17 mark before losing half of that on Monday to settle at around the $16.50 level.

Other coins with smaller market caps had mixed performances with most remaining static. MIOTA was down by around 2% to the $0.50 level, whilst BNB saw a small 1% decline to the $9.74 level on eToro, which recently listed the coin. ZCash was also down by around 2% to the $118 level, whilst Ethereum Classic posted a similar decline to the $9.30 level. Cardano gained 5% on Sunday but lost 2% on Monday to trade at the $0.077 level at press time.

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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Crypto market daily report – September 3, 2018

The cryptocurrency markets continued their impressive recovery on Monday with most coins showing positive increases after a positive weekend following many months of bearish activity. BTC held above the $7200 level after having even superseded the $7300 mark in a flurry of activity with turnover also increasing considerably.

Bitcoin Cash was the star of the show over the past 48 hours, rising by no less than 20% on Sunday to reach the $650 level before dropping back slightly to the $630 level on Monday morning at press time. Ripple remained stuck between the $0.33 and $0.35 range, but analysts have predicted a considerable move upwards in the coming weeks as interest and positive news surrounding the cryptocurrency continued to increase.

Ethereum was the only outlier in this positive move upwards with a price range that continued to hover between the $280 and the $300 mark, although there was very little movement either way. EOS performed an impressive climb of over 20% over the past few days –in fact it is around 35% up on a weekly basis to settle at the $6.50 mark with a further push upwards not unexpected.

Other coins with smaller market caps also saw a good increase with Ethereum Classic charging ahead and bullying the $14 level on Monday at press time—a level not seen since July. Litecoin registered a good increase to the $66 level before falling back slightly to the $65 mark but appeared well supported at that level. NEO was also up by over 15% over the weekend and was trading at the $22 level at press time, whilst XLM appeared slightly static with a trade range between the $0.22 and $0.23 levels. Cardano was slightly disappointing as it retraced slightly to the $0.103 level after having touched the $0.105 mark on Saturday or an 8% increase.

IOTA retained the $0.70 mark on Monday after having retraced slightly over the weekend, whilst ICX and ONT saw 5% declines to the $0.90 and $2.40 levels respectively. DASH also performed positively and held above the $200 mark although it decreased slightly over the past 24 hours by around 2%.

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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