Where is Dogecoin?
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Bitcoin heads north
On Thursday, Bitcoin along with other key crypto assets all managed to ascend in Asia following news that Nasdaq is braced for introducing Bitcoin futures in the first quarter of 2019.
As a matter of fact, Bitcoin managed to inch up by up to 6.55% being worth $4,187.5 on the Investing.com index. Additionally, Ethereum surged by about 4.49% trading at $118.77, while XRP soared by about 2.48% ending up with $0.37633 on the Poloniex exchange.
The most popular crypto asset managed to regain a bit of momentum after a second dive this week. The most traded crypto assets sank below $3,800 in mid-week before rebounding to this week’s maximum at $4,395 on early Thursday morning.
However, Bitcoin is still trading about 30% less of its market value since mid-November, when the number one crypto asset slipped from $6,500.
On Thursday, media informed that Nasdaq is geared up towards launching bitcoin futures in the first quarter of next year notwithstanding the current bearish market sentiment for digital coins.
Bitcoin futures are going to provide market participants with a centralized marketplace where traders could speculate on the future price moves of the most popular crypto asset.
Nasdaq has reportedly been collaborating with the Commodities Futures Trading Commission for the purpose of securing regulatory approval for its upcoming Bitcoin futures launch along with investment management company VanEck.
VanEck's director of digital asset strategy, Gabor Gurbacs told that the company ran a few additional miles cooperating with the CFTC just to bring about fresh standards for surveillance and custody.
Nasdaq doesn’t appear to be the first one to jump with both feet into the crypto world. The CFTC has already had two crypto futures projects approaved. One of them belongs to the Chicago Board Options Exchange, while another has to do with the Chicago Mercantile Exchange.
Similar
Bitcoin: down at $40,000; more losses ahead?
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum: faster than Bitcoin
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
