The S&P Dow Jones Indices in collaboration with the digital currency solutions company Lukka will be launching a digital currency index in 2021.“As the market for cryptocurrency assets has evolved in recent years, investor interest in benchmarking and index-based solutions based on crypto and blockchain assets has grown and reinforced the need for reliable pricing data,” says the official announcement.The S&P DJI will be using data from Lukka to create the index, and the team at the S&P DJI believes that the introduction of the digital currency index will “make it easier for investors to access this emerging technology-driven asset class while potentially mitigating some of the common risks associated with this traditionally speculative market.”Some believe that the creation of the digital currency index will allow asset-management firms to easily build digital currency-related investment vehicles–something that the digital currency industry has been anticipating for many years now. Why now?For several years,  financial management companies have been trying to get a digital currency ETF listed on the US stock markets. But the S&P DJI has decided that now is the time to launch a digital currency index because of all of the buzz around the blockchain and digital currency industry.There is a renewed interest in the digital currency markets at the moment, partially because the digital currency markets are at the beginning of a bubble, but also, because many individuals believe that governments around the world are going to have to print more money to provide relief to the damage done by the coronavirus. The individuals who believe inflation is on the way are investing in digital currencies because they can serve as a hedge against inflation, increasing in value as the value of the dollar goes down.“For more than a century, S&P Dow Jones Indices has been a pioneer in creating innovative and relevant indices and benchmarks that reflect the global market’s ongoing growth and evolution,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable, and user-friendly benchmarks.New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

In a recent article, Reuters reported that S&P Dow Jones Indices plans to launch indexes based on the performance of more than 550 top-of-the-line digital currencies, including Bitcoin.The indexes will be launched with help from cryptocurrency company Lukka headquartered in New York.This will be the most recent financial giant to enter the crypto industry.S&P Dow Jones Indices will enable its customers to make customized indexes, as well as other benchmarking tools based on crypto, according to a statement by Lukka and S&P.The two companies intend to provide more pricing data to investors so that they can seamlessly work with the new type of assets and face fewer risks on these volatile and speculative markets.Global head of innovation and strategy at S&P, Peter Roffman, believes that, now that the crypto industry has matured enough, it is time to offer reliable and user-friendly tools to its market participants.The entrance of S&P Dow Jones Indices could ensure that crypto will take a step closer to becoming mainstream assets.Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

In the world of cryptocurrencies, XRP is quite different. It is decentralized, but not as much as Bitcoin, Ethereum, and the likes. Unlike them, it doesn’t seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. Nonetheless, it is a cryptocurrency.XRP is a cryptocurrency issued by Ripple and is among the top 10 crypto tokens by market cap. In recent months, it has had its fair share of controversy with the Securities and Exchange Commission (SEC) filing a case against the company behind the crypto asset and its executives.The lawsuit focuses on whether XRP is a security or not. A multimillion question that has not been answered satisfactorily for years and which would determine the kind of future the digital asset has. While the case’s announcement led to a massive slump in value for the asset at first, the token has since rebounded, thanks mainly to retail investors and traders pumping the its value plus the general bull run of the crypto industry towards the end of last year.In this article, we examine the current value of XRP, how much it would be worth in the nearest future, and the factors that could determine its future value.Ripple has been in existence for a while. It was created back in 2004 as RipplePay, but the case of its innovation came too early for its time, as it made no significant mark then. However, it returned in 2012 as Ripple and soon after launched the XRP token.Ripple XRP is unlike any other cryptocurrency. It differs on many levels, and this includes:Unlike most of the cryptocurrencies in existence, the coin does not operate on blockchain technology. Instead, it is based on the Ripple Protocol Technology, which means it has no use for a distributed ledger database. This uses gateways linked to servers of the company in multiple countries of the world to verify and process transactions.While the mining process is considered an integral part of all tokens, it is not the same for XRP. The limit for XRP coin is set at 100 billion coin created by the company. Over 35% of that coin has been released into the market, and the rest is held by the company who releases it periodically to control the supply and circulation of the token. The cryptocurrency is a deflationary one as the number of coins in the market reduces with each transaction.This virtual asset is centralized, and its parent company, Ripple Lab, strives to create partnerships with traditional financial institutions like banks. The company sells its RippleNet technology to these institutions thereby increasing the popularity of its native token, Ripple XRP. RippleNet technology is a system that connects banks and facilitates cross border payments and settlements.Due to the differences between Ripple XRP and other cryptocurrencies, it also has some advantages. Some of them are:This is one of the most significant selling points of Ripple technology. The swiftness of transactions surpasses other cryptocurrencies and beats that of SWIFT wire transfer, the commonly used system in traditional banking. This makes it a better alternative for banks to facilitate the cross border payments as its XRP transactions are exceedingly fast.Traditional banking system transactions and that of some cryptocurrencies tend to incur hefty transaction fees. But with the digital currency, this fee is drastically reduced to a pittance.Another positive for it is that the transaction can be reversed or edited to deal with an error, if there is one.All these features have enabled Ripple network to gain significant partnerships among traditional financial institutions. And it has also influenced the growth in value of Ripple XRP over the years.For years after its creation, the coin value was so inconsequential that it was almost worthless. Before 2017, the value of the asset hovered around $0.01, but this soon changed as the token began to gain a wider coverage and it also leveraged on the bull run of the crypto industry in that year. By April 2017, XRP rose to $0.05; the gradual climb soon continued as it reached $0.25 in May.After this, there was no going back for the asset, as it had snared the attention of crypto enthusiasts who saw the value it created and the potential it had. The value of the asset rose all through 2017 and into the early period of 2018 where it got to an all-time high of $3.84.But this was soon followed by a massive drop in value that affected every other cryptocurrency too; many had labeled the incredible run of the industry as just a bubble, and like every bubble, it was going to burst. This was exactly what panned out in the case of the 2017 crypto industry bull run.Towards the end of 2019, its price stabilized around $0.30, and did not cross the $0.5 mark all through the year. This means that Ripple XRP hasn’t been able to build on its old glory since then as its value never got to as high as even a dollar. However, the bullish run of  2020 that was ignited towards the end of the year, helped the value of the asset to ascend. The value of the token got to as high as $0.8 before finishing the year at $0.66. Early 2021 was supposed to be a continuation of the rise in XRP value, but that could not happen due to the SEC’s announcement of a lawsuit.Upon the announcement, some exchanges delisted XRP from their platform. Many of those holding the token also sold in panic. This led to the value of XRP plummeting to as low as $0.166. However, it has picked up again, going as high as $0.755. Ripple at present is trading between $0.4 to $0.5.Looking at this overview, it is easy to see the high volatility of XRP in the past few months which makes it difficult to have a Ripple forecast. But the volatility has not stopped analysts from making XRP forecasts based on trends. It only means that these forecasts can change at the slightest notice. However, they still give a rough estimate of what to expect from the .There are several predictions as to what the Ripple forecast would be in 2021. This includes its peak prices, what it would be worth by the year-end, and its lowest value within the year.According to Moody’s research, investor can expect 2021 to be a good year for blockchain with a massive increase in standards that will directly influence Ripple price. Already, Ripple’s XRP already has development plans in motion for 2021.Given how past developments or even announcements have led to an increase in the value of XRP, the currency might reach $2. This will happen if the actions of Ripple technology lead to a partnership with more financial institutions.In the past, XRP‘s popularity and, by extension, its increase in value has been heavily influenced by the partnership with these traditional institutions. More partnership will mean more adoption, which invariably means higher value.However, it is not so simple for XRP. The SEC lawsuit complicates the whole issue even further. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other cryptocurrencies.If anything, all these events show how extremely volatile cryptocurrency can be. If XRP should experience a real breakout in 2021, it can reach its all-time high of over $3. But that looks very unlikely as long as the SEC lawsuit hangs over its head.According to Coinpedia, even with the lawsuit hanging over its head, Ripple XRP will trade at an average of $0.65 by the end of the year. The firm based its predictions on expert opinions that the currency will be worth $0.83 on average by the end of January 2021. This, of course, did not happen.Thus, the highest projected price for the year is $2 while it could also go as minimum price prediction is $0.1 if the SEC lawsuit is not settled in favour of RippleWhile the outlook might not look very positive for 2021, the future USD predictions look excellent. Though it may not be as high when compared with that of Bitcoin or Ethereum, it is expected that its growth will continue and its value could reach $3 by 2023.This will happen if all the development plans that Ripple currently has in the offing are initiated, thereby allowing for more partnerships, not just with financial institutions but also with other institutional investors. Such widening of scope for Ripple will have an immediate benefit for XRP.Five years from now is a long time away to determine what the actual price will be. However, according to Coinswitch’s algorithmic analysis, Ripple price will likely be around $4.52 by 2025.Future and current partnerships with Banks in Latin America and Europe will help Ripple technology and its native coin. These partnerships will open the door for XRP to gain broader adoption in other parts of the world apart from America. This is already in place with a larger percentage of XRP holders not being in America.Coinpedia has a more optimistic opinion as to what XRP coin would be worth in 2025, according to its price prediction, the currency would be in a range of $4 to $8 by that time, which would be a record high.It, however, proposes a midpoint as the likely outcome. This means that by 2025, one XRP would be worth around $6. By this time, the adoption rate would have reached a level where it is more comfortable and more conducive for users to conduct a transaction with the currency and trade with it.So, for 2025, the highest projected value of the asset is $8 while it could also go as low as $4.The long-term projection of what the value of XRP would be in the next ten years also seems very remarkable. Experts expect the currency to grow exponentially as its adoption rate will continue to increase with time. By 2030, projections see its rates hitting above $17.According to Coinswitch, crypto enthusiasts believe that By that time, the use of XRP would have increased significantly. It could become one of the favorite cryptocurrencies at that time.Predicting the actual value of Ripple’s XRP in a market as volatile as this one is quite difficult. However, many platforms have made one prediction or the other about what the token would be worth, and this represents an easy way to get a clear view of what to expect. Here are some of the predictions:However, the actual value of XRP at the end of 2020, a little more above $0.6, fell far short of the predictions.The news platform, Ripple coin news, also has projections on the value of XRP in the next few years. It predicts that the price of the asset would stabilize after it survives this stage that is fraught with complexities. According to its priceforecasts, once Ripple XRP can pass through this stage and expand its alliances, it can achieve a range between $8 to $10. When that would happen, nobody knows, but it could be anytime soon especially with the level of advancement being made in technology.For the news platform Oracle times, the price prediction could go as high as 2000%. However, it adds a caveat that Ripple should be the best option in the market for cross-border payments.Given that cross-border transactions account for about $9.8 billion, it is a massive industry for Ripple technology to gain many alliances, which would inevitably help to improve the value of XRP in leaps and bounds.Judging by these predictions, the one to five years projection for XRP is minimal at best. No one expects a surge that will see it rise beyond or even up to $10. While this does not compare to what other cryptocurrencies such as Bitcoin and Ethereum have, it is still a significant rise if it comes to pass.One of the best and most detailed XRP price forecast analyses is the one provided by Crypto Rating. This analysis explains the situation at present and future predictions in terms of XRP price action.To better grasp this and make an accurate prediction, there’s a need to know the trading volume data. It is through this that one can determine the strength of each price trend. Thereby predicting with more effectiveness, the supply and demand shifts, which determine the price changes.Data from coinmarketcap puts XRP trading volumes at close to $9 billion in the past 24 hours. This number represents a decline in trading volume compared to the day before. From these changes, it is easy to deduce that the demands for XRP have decreased as the supply has fallen.Crypto Rating makes use of the Crypto Volatility Index (CVIX) to explain the fluctuations better. The index shows the price dynamics currently operating while also explaining what could happen later.Volatility is an essential feature of the crypto market and one factor that has encouraged and discouraged many traders. The promise of high gains, even with the likelihood of increased risks, is something that continues to attract (many) traders. However, inevitable crises have had a significant effect on the occurrences of this.With the CVIX, it is easy to understand better the personal sentiments existing in with traders’ and investors’ moods.Employing the CVIX provides a profound insight into the underlying sentiments as it accurately depicts the participants’ mood. The volatility index is not a new development. The Chicago Board Options Exchange created it to determine participants’ expectations, especially related to the S&P 500 index price index.The index was redesigned as CVIX for the crypto market. It works exactly like the VIX, except that it considers the demands as it applies to the crypto. For XRP, the value of CVIX is calculated using the average XRP price for a month alongside the deviations within a specific range.At a particular time, the fluctuations show the extent of negative tension (fear) felt by participants, which is the primary force responsible for volatility.This means that the level of volatility is very high as investors expect a fluctuation at any time. Looking at how the current value of XRP came to be, it is easy to see how possible that is.presently, it is currently $0.554, this occurred following a 3.42% gain within the last 24 hours. In the last 30 days, XRP price has risen by 3.37%, and in the past year, it has increased by 3.60%.One of the biggest challenges for traders and investors is whether or not to invest in XRP. At its current rate, it is far cheaper than most of the other cryptocurrencies. This makes it accessible and easy to buy for anyone.But in terms of returns, can one say it is worth it? The next five to ten years’ predictions do not position it as the best investment in the market. After all, in the best-case scenarios, it will only increase by 5x or 6x in the next five years. But a value of less than a dollar doesn’t look so bad.The benefits it seems to offer such as the speed of transactions and low charges; would make it look like a good investment with more potential for institutional backing and developments soon.But that is not everything. Its quasi-centralization and lack of mining make it a tad fishy as the company can easily manipulate the demands and supply if it wishes. Some people in the crypto community have even referred to it as a sham meant to get its creators rich.However, Ripple has come out to say that it controls the supply of XRP and holds a larger percentage of the coin for a valid reason. As far back as 2017, it initiated a decentralization strategy for the XRP ledger. The success of that remains questionable.Another issue that could affect the coin value predictions and any investment decision on XRP is the SEC lawsuit against it. While many believe the case will end in settlement and Ripple itself has defended itself vehemently, there is still enough room for doubts that it may end in favor of the SEC.If that happens, XRP would no longer be considered a cryptocurrency but instead be seen as security. The lawsuit was responsible for the delisting of XRP from specific exchange platforms and the slump in price early this year.While the currency has since rebounded, the level of volatility remains incredibly high. This means anything could happen. The CVIX score for XRP, according to Crypto Rating, is enough pointer to this.Whether you have bought XRP or planning to buy it, this lawsuit remains something to consider. However, it is not enough to decide on investing in XRP. There is a need to study the trends and forecasts that are liable to change in this volatile crypto space.1If you’re planning to buy or trade XRP, several independent cryptocurrency exchange platforms exist solely for that purpose. They include Bitstamp, Kraken, Gatehub, etc.Buying on all these platforms is relatively easy and straightforward as they allow you to buy with USD, EUR, and even BTC. All you need is to have an account on the platforms, and you are good to go. You can link your credit or debit card. Wire transfer is usually available on these cryptocurrency exchanges too.The forecasts for XRP vary widely depending on the analysis and period. However, most of them have two things in common – volatility and a moderately optimistic outlook.The optimistic forecast will depend on the Ripple payment technology’s increased adoption in almost all predictions. The volatility of the asset, however, could stand as an albatross as it depends majorly on the outcome of the litigation between its parent crypto company and the financial regulator.

Not to be left out, Nasdaq-listed business intelligence company MicroStrategy has revealed details of its recent Bitcoin purchase. The company, in an official press release, disclosed that it has spent a whopping $1.026 billion and acquired about 19,452 bitcoins. According to reports, the company purchased each Bitcoin alongside network fees, charges, and expenses at approximately $52,765.MicroStrategy has been touted as the source of the 2020 Bitcoin price rally following its initial purchase of $250 million in BTC. The company is also the first-ever Nasdaq-listed company to buy Bitcoin. Following its initial purchase, the company also spent an additional $175 million on Bitcoin. Therefore, bringing its entire purchase in September 2020 to a whopping $425 million and an estimated 0.2% of the total Bitcoin supply.Its recent purchase of $1.026 billion worth of BTC brings its total Bitcoin holdings to approximately 90,531 bitcoins. All of which were obtained at an estimated total of $2.171 billion. Each Bitcoin currently owned by MicroStrategy was purchased at an average price of $23,985, fees and expenses included.Speaking on the recent purchase, Michael Saylor, CEO of MicroStrategy, disclosed that the compay’s two major focuses, for now, was holding Bitcoin and expanding its analytics software business. He further reiterated his belief in BTC being a reliable store of value. According to him, the company will continue to purchase Bitcoin with any extra cash. Saylor also disclosed that depending on market conditions, the company might “issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”Phong Le, President of MicroStrategy, also reaffirmed Saylor’s stance. He added that purchasing Bitcoin and the firm’s entire BTC holdings are intertwined with its vision to grow its business.According to Bloomberg, MicroStrategy’s share price has surged by about 400% in the past year.Interestingly, Jack Dorsey’s Square, despite the dip, also recently purchased an additional $170 million worth of Bitcoin.At the time of publication, BTC was down by -2% and was trading at $46,763.36. Bitcoin also had a 24-hour low of $45,057.44 and a 24-hour high of $48,484.48. The “King Crypto” also had a market cap of $871,683,395,909 and a 24-hour trading volume of $56,016,129,224.Join us on Telegram to receive free trading signals.Find out more about the crypto and blockchain space on the Altcoin Buzz YouTube channel.

The latest reports state that there is a big move to integrate crypto with traditional finance. Interestingly, 550 coins are set to appear in the new indexes from 2021.S&P Dow Jones Indices (S&P DJI), which is a joint venture between the CME Group, S&P Global, and News Corp, will introduce crypto indexes in the coming year. In a December 2 press release, S&P Dow Jones Indices referred to bitcoin and altcoins as an ‘emerging asset class’.The company will partner with Lukka, a United States blockchain data provider, to launch these indexes, aiming to cover a reported 550 cryptos. Global Head of Innovation and Strategy at S&P DJI, Peter Roffman, said in a press release:This move marks the latest commitment from Wall Street to embrace cryptocurrencies including bitcoin, showing the growing interest from the institutional investors. The CEO of Lukka, Robert Materazzi, said:This press release did not highlight which particular crypto will get covered or the strategy behind their selection if this is not entirely based on market capitalization. The latest move comes as bitcoin sets new all-time highs on several exchanges and challenges the resistance that has formed at $20K.

The S&P Down Jones Indices, a unit of market data provider S&P Global (NYSE: SPGI), is collaborating with Lukka Inc to introduce a global cryptocurrency index sometime next year.Lukka is a New York-headquartered software company centered around blockchain technology and the digital assets domain.What Happened: S&P DJI will incorporate Lukka’s proprietory digital asset pricing data to create custom solutions for indexing and benchmarking."With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” S&P DJI Global Head of Innovation and Strategy Peter Roffman said, talking about the need for a cryptocurrency index.Why Does It Matter: Bitcoin has been trading near all-time-high levels above $19,000 this week and the mainstream interest related to investments in the digital asset space is piqued again.The latest announcement by S&P DJI follows the recent $44 billion acquisition of IHS Markit Ltd (NYSE: INFO). The all-stock deal, announced last week, will give S&P 67.75% controlling interest in the newly formed entity, whereas IHS Market shareholders with control the remaining stake.In mid-November, IHS Markit signed up with Lukka and agreed to bundle the cryptocurrency software company’s products along with its own offerings.Price Action: SPGI stock closed 2% lower on Thursday at $326.61. Bitcoin traded 0.8% higher at $19,306.11.

Since bottoming out at a 12-month low, Bitcoin has risen over 100 percent and has been carried higher by a modestly-stable uptrend – at least when compared to the S&P 500, but more on that later. The pair recently crossed the highly-watched 10,000 checkpoint, though BTC/USD subsequently retreated and has been trading sideways ever since. BTC/USD chart created using TradingViewHowever, looking at a weekly chart shows that Bitcoin is approaching a critical price juncture where the integrity of the uptrend may be tested as BTC/USD comes up against resistance at 10168.35. Failure to clear that obstacle and the tier above it at 10540.49 could lead to BTC/USD invalidating the slope of appreciation. That break could mark a shift in the pair’s short-term trajectory and lead to a broader pullback. Bitcoin may also fall not only because of a possible loss in risk appetite, but a stronger US Dollar could weaken the BTC/USD exchange rate. While the US Dollar index (DXY) is at an 11-week low, a comeback could be in the cards. If investors’ priorities shift from holding a relatively higher-risk asset like BTC to a more liquid and stable one like the Greenback, BTC/USD may end up facing heightened liquidation pressure. The multi-trillion dollar question on everyone’s mind is will the S&P 500 retest its pre-selloff high? The simple answer is: no one knows. However, recent price action shows that the benchmark equity index is experiencing friction at a familiar stalling point going all the way back to early January at 3226.00. Failure to clear it will mean retesting the durability of the uptrend that brought it to its current level. S&P 500 Index Futures chart created using TradingViewUsing a weekly chart shows how spectacular the S&P 500’s almost-90 degree recovery has been, but the 3226.00 stalling point on this wider timeframe appears also to be technically significant. Clearing it could open the door to retesting the swing-high at 3391.75. However, if the ceiling at 3226.00 holds and the uptrend cracks, a broader pullback may ensue. --- Written by Dimitri Zabelin, Currency Analyst for DailyFX.com

The bitcoin price hit $7,236 on he Luxembourg-based bitcoin and cryptocurrency exchange Bitstamp earlier today before falling back under $7,000. The reason behind bitcoin's sudden rally wasn't immediately clear. The bitcoin price fell 12% over the first quarter of 2020, outperforming the S&P 500's 23% decline, the Dow's 26% drop, and Nasdaq's 15% slump. Gold, the classic safe-haven asset in times of uncertainty, added just over 4% during the first three months of the year. "Gold, silver, the stock markets, and the digital assets market are all doing fairly well today," Mati Greenspan, founder of financial advisory firm Quantum Economics, wrote in a note to clients. "It seems as if the massive cash hoarding phase may finally be over and investors are ready to put their money back to work. Bitcoin is up nearly 10% over the last 24 hours and is regaining a lot of it's dominance over the rest of the crypto market.""While the uses of blockchain technology are widespread and growing and over time may underpin the price of bitcoin, at the present time, bitcoin is just another tradeable asset with no safe-haven value, especially when markets turn sour," Cawley said. I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reportedI am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

BeInCrypto Premium - Register for FREE now. BeInCrypto Premium - Register for FREE now. Do you want to Be In Crypto? Join our Telegram Trading Group for FREE Trading Signals,a FREE Trading Course for Beginners and Advanced Tradersand a lot of fun! Images courtesy of Shutterstock, Trading View and Twitter. Disclaimer. Read MoreRead Less As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article. This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments — including but not limited to any that appear in the contents of this article. Leave Comment #Bitcoin News 5 months ago #Companies News 2 years ago #Mining News 1 year ago #Blockchain News 2 weeks ago '; /* document.write(''); */ AdButler.ads.push( Up Next 7 days ago Related News Bitcoin Analysis 3 hours ago Bitcoin News 3 hours ago News 4 hours ago Bitcoin News 7 hours ago Bitcoin Analysis 20 hours ago News 24 hours ago Bitcoin News 1 day ago Bitcoin News 1 day ago BeInCrypto Premium - Register for FREE now.

It has been an impressive eight-week stretch for the U.S. stock market, with the S&P 500 Index staging one of its best relief rallies of the past three decades. Investors expecting to ride out another bull market should tread carefully now that the latest earnings forecasts are in.Following a painful entry into bear-market territory on the eve of Christmas Eve, the S&P 500 Index has recovered an astounding 18%. On Friday, it closed at 2,775.60, its highest since Dec. 3.The recent run of good fortune has come largely on the back of better than expected corporate earnings as well as signs of progress on U.S.-China trade talks. But these catalysts could become headwinds in the near future.Case in point: FactSet recently issued grim guidance for S&P 500 companies, forecasting a year-over-year drop in earnings during the first quarter of 2019. The research firm’s rationale for the downgrade comes from the so-called bottom-up earnings per share (ESP), which is “an aggregation of the median EPS estimates for all the companies” in the S&P 500 Index. This figure declined by 4.1% in January, a much bigger decline than the five-year, ten-year and 15-year averages.All 11 primary sectors tracked by the S&P 500 recorded a decline in their bottom-up EPS estimate during the month of January. The biggest losses were reported by energy and information technology, the S&P’s largest and fifth largest sectors, respectively.That leads us to the following scary chart, which appeared on the Quoth the Raven Twitter feed on Friday:Forward earnings are a forecast of a company’s next-period earnings, usually to completion of the current fiscal year or next fiscal year.Related reading: The January Stock Rally Could Face a Painful Reversal.Morgan Stanley, one of America’s largest banks, is warning investors not to “get caught up in price momentum” of the latest rally. The warning comes as the S&P 500 is once again approaching 2,800, a level where rallies come to die.While valuation isn’t a reliable predictor for market timing, the headwinds posed by 2,800 are compelling. Combined with dismal earnings guidance, it’s likely that market fundamentals will detract from the latest rally attempt.If the S&P 500 does go beyond 2,800, its valuation based on 2019 average per-share earnings will be 16.5 times forward earnings. As Bloomberg notes, that’s the average reading of the past five years and a strong sign that stocks are becoming overvalued.“Don’t get caught up in the price momentum, as if the market is telling you something that may happen,” Mike Wilson, a strategist at Morgan Stanley, told Bloomberg TV. “The data isn’t improving, and the data probably isn’t going to improve over the next two to three quarters, and that’s going to create uncertainty again when you’re trading at 2,750-2,800.”Featured image courtesy of Shutterstock. Charts via Barchart.com. Stocks Surge on U.S.-China Trade Optimism; Dow Notches Eighth Consecutive Weekly GainMarket Update: U.S. Stocks Face Massive Selloff as Volatility Hits Six-Month HighMarket Update: S&P 500 Joins Dow in Record Territory; XRP Leads Cryptocurrencies to StabilityPre-Market: Stocks Grind Higher as Google Beats, Turkish Lira TumblesMarket Update: Stock-Rally Slams on Breaks Trade Fears LingerMarket Update: Volatility Makes a Stunning Return as Trade Risks Sink Global Stocks You must be logged in to post a comment Login With bated breath, each year investors from around the world await the annual letter from the Oracle of Omaha, Warren Buffett.In my my humble opinion, this year we received more insight into the current market conditions than any before. It seems that Buffett’s company Berkshire Hathaway has joined in the global trend of buying back their own shares in 2018.Warren is known to be able to spot companies that are at fair value and it seems that the 88-year-old legendary investor is unable to find enough good deals out there that are worthy of his investment. So instead of buying new companies, he’s opted to buy back shares in his own company.Thanks to an entire decade of low interest rates and ample liquidity injections from the world’s central banks, companies are flush with cash and stocks are overvalued. (Rant continued, including implications for crypto, in section two).Please note: All data, figures & graphs are valid as of February 25th. All trading carries risk. Only risk capital you can afford to lose.Stocks are flying today on the news that President Trump has postponed the March 1st deadline for a US-China trade deal.As the tweet did not mention any new deadline, we can probably assume that there isn’t one for the time being. The China 50 index has soared a jaw-dropping 6.31% this morning.Concurrently, it seems that the timetable for Brexit has once again been pushed forward. Prime Minister May has set her sights on March 12th for a final Brexit vote in Parliament. Of course, this deadline hardly seems set in stone and the real deadline for the UK to exit the EU is March 29th. Of course, this deadline hardly seems set in stone either and could very well be moved. Talk of extending it to mid-April is already floating around.For the first time in a long time, there are no countdown timers hanging over the market’s head. We did prophesize that such a day might come in Friday’s market update but I never thought it would come so soon.To be clear the geopolitical risks have not gone away, only that the specific time frame for any single risk materializing has become so obscure as to not be relevant. With the can successfully kicked down the road the central banks are once again in the driver’s seat.As we know, markets tend to move in boom and bust cycles more commonly known as bull and bear markets. This is more often then not a simple function of the amount of available money in the world combined with the general sentiment towards investing.For different assets, we can expect different timeframes for these cycles. For example in the stock market, the average cycle is usually about 4.5 years. Bitcoin, on the other hand, is new and because it’s price discovery is going through a period of discovery, cycles may vary from a few months to more than a year. For now, we’re at the tail end of bitcoin’s longest ever bear run.The volatility of 2017 and 2018 was driven by expectations around the world’s central banks. We saw massive price rises across all industries in ’17 as the Fed continued to feed the markets and in ’18 investments started to dry up as the Fed signaled a shift in policy.At the beginning of 2019, the world’s central banks have pledged further support and we can see the impact on the stocks very clearly. Arguably, this new sentiment could be having a knock on effect in the crypto market.Yes, I’m rambling, I know, but here’s a graph that should put everything I’m saying into context.With bitcon in blue and the Dow Jones in red, we use a double X-axis to determine if the direction of travel is proportionate. For further accentuation of the magnitude of these moves, I’ve set both lines to a logarithmic scale.Notice how the stock market has responded very quickly to the Fed’s shift in policy and has already recouped almost all of its Q4 losses. Bitcoin has not done so just yet.In truth, I have no idea what caused yesterday’s crypto plunge. Most likely, some crypto traders were piling on just a little too much leverage and the market pushed back by taking them out. Or, it could have been a large seller. Or, it could have been any combination of several factors playing out.However, there are a few things we can learn from this type of movement so here are a few thoughts that I had about it….Number one, even though the market continues to mature, these bouts of volatility, both up and down, remind us that the market is extremely volatile and therefore risky. So, it always pays to diversify your portfolio with other assets.Number two, like the surge we saw last Sunday, yesterday’s plunge was led by altcoins Ethereum and EOS. So, even though there seems to be a growing divide between excitement over bitcoin and sentiment in the rest of the markets, we can see that they are influencing each other as the markets remain correlated.Number three, the level of the pullback is actually quite encouraging. In fact, most of Sunday’s 9% plunge was actually just erasing some of Saturday’s gains. Ever since the spike on February 8th, the market has been trying to build support at $3,500. Yesterday we stalled a good $300 above that.If January was a giant downward facing staircase, February has now turned into an upward one.Shanghai Composite Index CFD, 4-Hour Chart AnalysisThe three-month-long truce between the US and China will end next week, and in theory, tariffs on Chinese products worth hundreds of billions of dollars would be implemented in March. While we think that that’s highly unlikely, the exact way of avoiding it is still not clear. Last week, rumors surfaced the two sides are already close to formal agreement, and although we don’t know anything about the details, market participants would likely be happy with anything other than an escalation.That said, while President Trump will likely declare victory following an agreement, it’s hard to imagine that China will just stop with the practices that the Trump administration and the Western elite in general condemned. The other possible outcome for next week is that the deadline will be postponed, since, given the recent extended round of talks and the gestures that we observed, it would be a huge surprise if the additional tariffs would actually be introduced.Looking at the performance of the main Chinese markets since the end of the New Year holiday, we see bullish trends, with the Shanghai Composite getting close to the 2800 level, hitting its highest mark in 4 months, and with the Chinese Yuan also being close to its recent highs against the USD.  Despite the rally of this month, Chinese equities are still in a deep bear market, and as the rally on Wall Street is also maturing, a sell-the-news event could be ahead next week.The top cryptocurrencies had a tumultuous weekend, as on Saturday, we saw the resumption of the recent counter-trend rally, while today, the market sold off sharply in a concerted fashion. With the still clearly declining long-term trends in the segment in mind, bulls should remain defensive after today’s plunge even as the leaders of the rally are still holding on to a large chunk of their gains.Tracking the leaders of the move, and Litecoin, Ethereum, and EOS in particular could help in navigating through next week, with the most rising short-term trendlines in those coins being at the center of attention. Ethereum, which still holds the title of the second largest coin regarding market capitalization, could be the most important digital currency of the week, and a move below $130 would confirm the end of the short-term advance, while a recovery above $150 could give back the hope for bulls.The duality in global stock markets is still striking, as although the major US indices recovered a big part of the deep year-end sell-off, the already-mentioned Chinese benchmarks and the main European markets continue to severely lag behind. In the US, the Russell 2000, the main small-cap index has been showing the way to the broader market for months now, and the benchmark continued to perform well this week.On the other hand, while European stocks also gained ground in recent weeks, they are still in bearish technical setups. The German DAX, which has been under pressure due to the horrible economic data from the Eurozone, managed to reach the strong 11,500 resistance this week, and there is good chance that that level will provide too strong for the relatively weak benchmark.So while investors should keep a close eye on US small caps next week, the divergence between the leaders and the laggards could start to ease, and odds favor a global risk-off shift amid the apparent slowdown in manufacturing and trade activity.Jerome Powell will be the star of the week, as the Fed Chair will testify in the House and the Senate on the Fed’s monetary policies, and we will especially be curious of his opinion on the recent set of economic numbers in light of the Central Bank’s dovish shift.The shift has been one of the key catalysts of the risk rally in the past two months, but as the US benchmarks have been very strong lately, while the US economy held its ground relatively well amid the global slowdown, it will be hard to justify the easy stance of the Fed.The dollar which got under pressure for a brief period due to the Fed’s shift, has been testing its highs against a basket of currencies in recent weeks, and although a break-out in the reserve currency, which would translate to a key break-down in the EUR/USD, still didn’t happen, the long-term uptrend in the USD is clearly intact. A slightly more-hawkish-than-expected Powell might very well be the trigger of a larger-scale move, but in any case, forex markets are likely in for an eventful week.As for economic numbers, the US will provide the most important releases, although we will have a few key European indicators coming out in the second half of the week. The US CB Consumer Confidence Index will be out on Tuesday, together with the Case-Shiller Housing Price Index, US Pending Home Sales and the Canadian CPI report are scheduled for Wednesday, and Chinese Manufacturing and Non-Manufacturing PMIs, the German CPI, the Chicago PMI, and the US Advance GDP print will be released on Thursday.The last day of the week will be the busiest, as the Chinese Caixin Manufacturing PMI, the British Manufacturing PMI, the Fed-favorite Core PCE Price Index, the ISM manufacturing PMI, US Personal Income, and the Canadian GDP print will all be released on Friday, so will get a lot of new data regarding the health of the global economy.U.S. stocks advanced Friday, as the major benchmarks rebounded from their worst slide in two weeks on renewed optimism over China trade talks. Bitcoin and other cryptocurrencies rebounded from a midweek slump, strengthening the case for a larger short-term rally.The Dow Jones Industrial Average smashed through 26,000 on Friday and settled close to its intraday high. The blue-chip index closed up 181.18 points, or 0.7%, at 26,031.81. Twenty-three of 30 index members finished higher, led by Pfizer Inc. (PFE) and Intel Corp (INTC).With the gain, the Dow extended its weekly winning streak to nine weeks, the longest since 1995.The large-cap S&P 500 Index gained 0.6% to settle at 2,792.67. Nine of 11 primary sectors contributed to the rally, with shares of information technology companies leading the charge. The sector rose 1%. Health care and communication services also outperformed the broad average.A strong performance for tech stocks sent the Nasdaq Composite Index sharply higher. The tech-laden average rose 0.9% to 7,527.54.Stocks returned to strength Friday on reports that officials from the U.S. and China held marathon talks aimed at resolving their trade dispute. Trade representatives met in Washington for nine hours on Thursday, where they discussed a range of issues including state subsidies and illicit technology transfers.President Donald Trump was also said to be meeting China’s top trade negotiator, Vice Premier Liu He, on Friday. No further updates have been provided.While a trade deal between the two countries remains highly unlikely, Trump has expressed willingness to extend the negotiating window beyond the March 1 deadline. He told reporters Friday that the deadline isn’t a “magical date” but a good barometer to measure progress from both sides.Bitcoin’s price climbed back above $4,000 Friday, as momentum swung in favor of the bulls following a minor midweek slump. The leading digital currency by market cap reached a session high of $4,074 on Bitfinex and was last spotted in $4,050 range.Via CoinMarketCap, bitcoin’s aggregate value was a hair below $4,000 at press time, enough for a gain of 1.3%. Over the past seven days, BTC gained 10.3%.The top-20 coins traded higher on Friday and booked solid gains for the week. EOS was the top performer, gaining 3.87% for the week. Ethereum gained 22% and bitcoin cash was 18.5% higher.Read our Week in Review: Crypto Spring? Bitcoin on Track to Snap Six-Month Losing Streak Following Spectacular Week.The overall cryptocurrency market capitalization improved to $135.3 billion, having gained $15 billion over the past seven days. Trade volumes are down sharply from their early-week highs but are still well above the yearly average.Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.6 Upcoming Events That Could Trigger a Price Pump for These CryptocurrenciesLitecoin Price Analysis: LTC/USD Set for Another Potential Explosive Move North as Bulls Penetrate Pennant PatternEthereum Price Analysis: ETH/USD Bulls Aim to Retest 2019 Highs Ahead of Planned Hard ForksEthereum Price Analysis: Volume Spike Pushes ETH/USD to Monthly HighsNEO Price Analysis: NEO/USD Bulls Eyeing an Explosive Move Higher as Cryptocurrency Enters Western MarketsXRP Price Analysis: Explosive Breakout from Pennant Confirmed; SBI Holdings CEO Bullish on XRPMonero Price Analysis: The Choice of Cyber Criminals, XMR/USD is Vulnerable to Full Reversal

You know things are weird when bitcoin is getting less volatile and stocks aren’t. After surging about a month ago during a frantic sell-off, the 30-day volatility of daily returns from the leading cryptocurrency has dropped in recent days, and is almost back to where it was before the panic started in early March. Meanwhile, the volatility of the S&P 500 index of large U.S. stocks, which also skyrocketed in March as the coronavirus paralyzed the world’s economies, has plateaued.  What’s causing the S&P to continue its volatility run while even bitcoin is returning to its version of normal? The mixed performance of various stocks within the bellwether index is part of a problem.  “The interesting game now is not S&P 500, but some of the top stocks inside. Just check Tesla and Amazon, they are moving much better than S&P on average,” said Maksim Balashevich CEO of Santiment, a firm that analyzes market data.  To be clear, over the long term bitcoin remains the more volatile investment by a wide margin. And risk assets of all stripes remain subject to wilder swings than usual. Read more: “Investors are generally looking for stability and volatile assets will be sold no matter what they are,” said Denis Vinokourov, head of research at crypto investment brokerage Bequant, regarding the S&P 500’s fraught performance.  Balashevich noted that an index like the S&P 500 doesn’t account for the divergent fortunes of different sectors in a pandemic, where leisure stocks perform badly but online retailers make gains. Crypto beats such a blunt instrument in this environment, he argued. “I would bet for BTC and ETH,” he said. The S&P 500 will keep struggling as the economy is in a split.”  Prices for (BTC) slipped 1 percent in 24 hour trading Wednesday, according to CoinDesk’s Bitcoin Price Index.  Trading for the world’s oldest cryptocurrency has dipped below its 50-day moving average on spot exchanges like Coinbase. The price for 1 BTC has been attempting to break back above its 10-day moving average but has been stuck in the $6,700 range for the past eight hours of trading as of 21:00 UTC (5:00 p.m. EDT) April 15.  Recent data suggest that rather than participating as active sellers in the market. Over-the-counter (OTC) trading activity can be an indicator of this as well. “I do get much less sellers contacting me now, so a jump to maybe $7,500 or $8,000 would give a push to the OTC market in bitcoin,” said Henrik Kugelberg,” a Sweden-based crypto OTC trader.  An influx of stablecoin activity could provide a boost, as often issuance in that market translates into purchases of free-floating assets such as bitcoin and ether, creating price bumps.  Other analysts see pessimistic signals amid a return to calmer markets since March’s steep dip in prices to below $4,000 at one point.  “Starting to feel a bit more bearish given we failed around the $7,200 level, likely to test $6,500 in the next day or so,” said Chris Thomas, head of digital assets at Swissquote Bank. “If it fails we’ll likely squeeze lower off the back of Asian volumes, which I think people will use as an opportunity to get into the market,” he added. The Nikkei 225 stock index, an indicator for Asia, fell by less than a percent Wednesday, its first time in the red this week as .  Most major digital assets are mixed on CoinDesk’s big board for the day. (ETH) dipped less than 1 percent. Big losers include (IOTA) in the red at 2.9 percent and (LTC) losing 1.7 percent. One asset flashing green is (LSK) up 4 percent All price changes are from 21:15 UTC (5:15 p.m. EDT) Tuesday.  See also: Elsewhere, gold is sideways today, slipping less than 1 percent after a massive uptrend movement since April 9. Gold has been up double digit percentage points since the start of 2020 whereas bitcoin is down 5 percent on the year.  The FTSE 100 index ended Wednesday down 2.9 percent with weak oil demand i in the European markets. The S&P 500 index of large U.S. stocks slipped 2.2 percent as the Federal Reserve’s beige book analysis of economic activity Wednesday. Also notable is that U.S. Treasury bonds experienced selling Wednesday, with two-year, ten-year and thirty-year yields all down sharply. Most notable was 10-year Treasurys, in the red more than 15 percent on the day. 

You understand things are irregular when bitcoin is getting less volatile and shares aren’t. After surging a few month ago all over a frantic promote-off, the 30-day volatility of every day returns from the main cryptocurrency has dropped in most current days, and is sort of succor to where it was once earlier than the anguish started in early March. In the period in-between, the volatility of the S&P 500 index of massive U.S. shares, which also skyrocketed in March as the coronavirus jumpy the arena’s economies, has plateaued.  What’s inflicting the S&P to continue its volatility traipse while even bitcoin is returning to its version of same old? The mixed performance of a gargantuan selection of shares contained within the bellwether index is share of a question.  “The attention-grabbing recreation now is no longer S&P 500, but just a number of the tip shares inner. Fair test Tesla and Amazon, they’re transferring lots better than S&P on average,” said Maksim Balashevich CEO of Santiment, a agency that analyzes market info.  To be obvious, over the long term bitcoin stays the more volatile investment by a wide margin. And possibility resources of all stripes remain field to wilder swings than widespread. “Merchants are usually attempting to secure steadiness and volatile resources will be offered it is no longer relevant what they’re,” said Denis Vinokourov, head of research at crypto investment brokerage Bequant, regarding the S&P 500’s fraught performance.  Balashevich successfully-known that an index esteem the S&P 500 doesn’t legend for the divergent fortunes of assorted sectors in a deadly illness, where leisure shares form badly but online shops manufacture gains. Crypto beats this sort of blunt instrument in this atmosphere, he argued. “I’d guess for BTC and ETH,” he said. The S&P 500 will aid struggling as the economic system is in a spoil up.”  Costs for (BTC) slipped 1 percent in 24 hour procuring and selling Wednesday, in step with CoinDesk’s Bitcoin Impress Index.  Procuring and selling for the arena’s oldest cryptocurrency has dipped below its 50-day transferring average on space exchanges esteem Coinbase. The cost for 1 BTC has been attempting to spoil succor above its 10-day transferring average but has been caught within the $6,700 fluctuate for the previous eight hours of procuring and selling as of 21: 00 UTC (5: 00 p.m. EDT) April 15.  Most modern info counsel that moderately than taking share as vigorous sellers available within the market. Over-the-counter (OTC) procuring and selling assignment would possibly perchance be a hallmark of this as successfully. “I effect gain powerful less sellers contacting me now, so a soar to presumably $7,500 or $8,000 would give a push to the OTC market in bitcoin,” said Henrik Kugelberg,” a Sweden-basically based mostly mostly crypto OTC trader.  An influx of stablecoin assignment would possibly perchance provide a steal, as customarily issuance in that market interprets into purchases of free-floating resources akin to bitcoin and ether, constructing price bumps.  Assorted analysts notice pessimistic signals amid a return to calmer markets since March’s steep dip in costs to below $4,000 at one point.  “Starting up to if truth be told feel a diminutive bit more bearish given we failed around the $7,200 stage, likely to test $6,500 within the following day or so,” said Chris Thomas, head of digital resources at Swissquote Bank. “If it fails we’ll likely squeeze lower off the succor of Asian volumes, which I have faith of us will use as a possibility to gain into the market,” he added. The Nikkei 225 inventory index, a hallmark for Asia, fell by lower than a percent Wednesday, its first time within the red this week as .  Fundamental digital resources are mixed on CoinDesk’s massive board for the day. (ETH) dipped lower than 1 percent. Huge losers encompass (IOTA) within the red at 2.9 percent and (LTC) shedding 1.7 percent. One asset flashing green is (LSK) up 4 percent All price adjustments are from 21: 15 UTC (5: 15 p.m. EDT) Tuesday.  In other locations, gold is sideways on the present time, slipping lower than 1 percent after a massive uptrend pace since April 9. Gold has been up double digit percentage factors since the commence of 2020 whereas bitcoin is down 5 percent on the year.  The FTSE 100 index ended Wednesday down 2.9 percent with stale oil build a question to of i within the European markets. The S&P 500 index of massive U.S. shares slipped 2.2 percent as the Federal Reserve’s beige book prognosis of economic assignment Wednesday. Additionally well-known is that U.S. Treasury bonds skilled promoting Wednesday, with two-year, ten-year and thirty-year yields all down sharply. Most well-known was once 10-year Treasurys, within the red better than 15 percent on the day. 

Does this Chart Spell Doom for the S&P 500 Index? The accessibility premium refers to the affect on a cryptocurrency’s price when it is added to Coinbase. The $8 billion valued exchange is now looking to expand beyond its U.S-based institutional trading business to offer institutional services worldwide. Bitcoin, Bitcoin Cash, Ethereum, and Litecoin may end up being the greatest beneficiaries. These cryptocurrencies could gain from increased accessibility; the new “Coinbase Effect”.In 2018, as the exchange added more cryptocurrencies, some writers wrote about a perceived “Coinbase Effect”, like Ari Paul. They theorize about an “accessibility premium”, in which those crypto-assets that are more accessible rise in price. With Coinbase bringing crypto to worldwide investors, it could bolster demand for those coins that are listed on the San Francisco-based “Goldman Sachs of Crypto”. They would be more accessible. When a new cryptocurrency or token hit the exchange, traders might expect a bump in price.  (adsbygoogle = window.adsbygoogle || []).push({});On May 3, 2017 Coinbase integrated Litecoin, resulting in a 30% increase in the price. When Coinbase listed Bitcoin Cash on December 19, 2017, trading on global exchanges skyrocketed. Bitcoin cash closed at $4,000. Two days prior, its price had been $2,200. Volume increased from $2.5 billion on December 18 to nearly $12 billion on December 20 for a 380% increase.Coinbase added Ethereum on July 21, 2016, resulting in a modest 14% rally. Things changed when Brave browser’s token, BAT, launched on Coinbase. It declined in price. Further data is needed to know the truthful dynamics. By the time BAT was listed, the price of crypto had long since started a consolidation, leaving sentiment low.Fast forward Q1 2019, and Coinbase is expanding overseas. It is laying down infrastructure for the long-term as it looks towards Asian markets, amid moves to attract international institutional money to cryptocurrency trading. (adsbygoogle = window.adsbygoogle || []).push({});  » Read Full Article « Hacked February 17, 2019 Related Itemscorporate earningsearnings guidanceMarket OverviewStocksus stocks

In March, Bitcoin collapsed to an annual low; on some trading floors, the coin tested values ​​of $3,700. Since then, the cost of BTC has added about 100%, and now Bitcoin is kept in the region of $6800. Many analysts systematically draw attention to the increasing correlation between the price of Bitcoin and US stock indicators. Recently, the interdependence of the first cryptocurrency and the American index S&P 500 reached a two-year maximum. This indicator of business activity began to grow last week. Over the past seven days, the S&P 500 jumped 25% — this is the largest weekly growth indicator since 1974. Goldman Sachs investment bank strategists published a study earlier this week that predicted that by the end of 2020 the S&P 500 would exceed 3,000 points. The last session in the stock market ended with an increase in the indicator to 2761 points. Analysts concluded that the US stock market felt the bottom in mid-March. So far, economic data remains weak and a take-off of business activity is unlikely. However, as the situation improves and thanks to incentive measures by the US authorities, capital inflows to high-tech sectors of the economy (including the crypto sphere) will increase again. This trend will certainly have a positive impact on the position of Bitcoin as a key tool in the cryptocurrency industry. Author: Featured image credit: Written by