Another week has passed, and this one brought the closing of H1 2019, which is why we will dedicate a section in the end dedicated to how some of the top cryptocurrencies out recovered from last semester’s tough winter. But first, let’s take a look at how they did since last week:
Bitcoin: $10525, with a change of 5.29% from yesterday and 7.61% from last week.
Ethereum: $219.91, with a change of 3.06% from yesterday and 1.72% from last week.
XRP: $0.3147, with a change of 0.51% from yesterday and -0.22% from last week.
Litecoin: $96.73, with a change of -0.58% from yesterday and 4.03% from last week.
Bitcoin Cash: $327.59, with a change of 1.66% from yesterday and 4.58% from last week.
Binance Coin: $27.95, with a change of 0.1% from yesterday and -2.65% from last week.
EOS: $4.3086, with a change of 0.76% from yesterday and -7.47% from last week.
Bitcoin SV: $150.28, with a change of 5.17% from yesterday and -6.6% from last week.
Stellar: $0.082796, with a change of 0.63% from yesterday and -2.89% from last week.
Cardano: $0.057805, with a change of -0.82% from yesterday and -5.82% from last week.
After such tough moments in the past two weeks, we saw a healthy recovery in many of the big names, especially BTC, which surprisingly broke the $10,000 mark again after 2 big drops last week. Of course, we see some negative changes, but some of them are caused because the drops came later than they did for BTC. Overall, the short-term panorama seems bright, with trading volumes reflecting a certain enthusiasm among users.
Now, given that July is over, many platforms are releasing their analyses of both Q2 and H1 2019, so let’s look at some data:
All of the top 10 cryptocurrencies closed in positive percent gains.
BTC reached 189% gain since January 1st, when it closed at $3,830.54.
BNB showed the largest change, topping at 424% from $6.02 to around $28, representing the huge increase in popularity of the Binance exchange.
Other big names like ETH and LTC closed with increases of 118% and 301%, respectively.
The lowest increase of the top cryptocurrencies was XRP’s, at a meager 12%, followed by TRON’s 69%.
This huge increases, mostly over 100%, are a great sign that the market did successfully recover from 2018’s crypto winter, with healthy trading volumes all around, promising projects arising, more people becoming aware of the existence and benefits of cryptocurrency and blockchain, and a regulatory environment that’s becoming gradually friendlier for digital assets.
We can’t expect that H2 2019 will be as profitable as H1 was, but it can be expected that it could help maintain these levels and finish the year strong. We will have to wait and watch closely during Q3 to have an idea on how 2019 will close and open the way for 2020.