Crypto market daily report – March 11, 2019

Crypto market daily report – March 11, 2019

The cryptocurrency markets saw a slight retracement over the past 24 hours although there were some currencies which demonstrated a turnaround against this decline. Bitcoin Core (BTC) dropped below the $3,900 level and was trading at around $3,890 at press time on Monday. Ethereum (ETH) was also down by around 1% to the $134 level although movement here was minimal. Binance Coin (BNB), which has been quite sensational of late, also showed a retraction over the weekend but it was up by around 1.5% on Monday to the $14.40 mark.

Of the other currencies with larger market caps, EOS was down by around 2% to the $3.60 level, whilst Ripple (XRP) once again retraced slightly to just over the $0.31 mark. Litecoin (LTC) kept most of last week’s gains and traded at $55.70 on Monday at press time or a minimal decline of 1% overall. NEO was down by 2.5% to the $8.70 level after having exceeded the $9 mark on Friday but selling pressure forced the coin back to its previous levels.

Bitcoin SV (BSV) remained relatively stable at the $66 level, whilst Stellar (XLM) was practically the only outlier as it rose by no less than 8% to regain the double figure of $0.10 at press time on Monday.

Currencies with smaller market caps had somewhat mixed fortunes with most of them seeing a considerable decline. ICX and NULS were down by 7% and 9% respectively, whilst LINK and Ethereum Classic (ETC) went the other way with increases of 5% and 1%. VET and ONT were down by around 2%, whilst IOTA was flat at $0.28 as was WAVES which was trading at $2.71 at press time. BAT also gave up most of the gains it made last week, where it was down by 5% to the $0.19 mark. Bitcoin Cash (BCHABC) was also down by a more modest 1% to just under the $129 level. 

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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