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!
Digital coins are mixed
On Tuesday, digital coins demonstrated mixed performance due to the fact that the crypto market struggled to revive from Monday’s abrupt dive. Besides this, Nasdaq started live listing two crypto asset price indices from Brave New Coin, the data and research company.
The company's Bitcoin Liquid Index as well as Ethereum Liquid Index were uncovered earlier. They give allow Nasdaq customers an excellent opportunity to closely watch data on crypto prices.
In addition to this BNC is also geared up towards issuing an index to gauge XRP. That’s what the company revealed on its official website.
As CEO of BNC, Fran Strajnar told, the program was worked out just to address the need for transparent and clear price discovery of various liquid digital coins. He stressed that it’s still actual today, even more than in 2015 when the program burst out.
As a matter of fact, on the Investing.com. Index, Bitcoin, the most popular digital coin slumped by nearly 0.25% coming up with a reading of $3,800.00. In fact, Bitcoin’s everlasting clash with the headwinds of mainstream financial wisdom demonstrates minor sign of easing up. For example, on Monday, in an interview on CNBC, Warren Buffett dared to have it disparaged once again. He added that traders can keep staring at it from morning till night, with no little Bitcoins showing up or anything else like that, since that’s a pure delusion.
In general, the total market capitalization of digital coins amounted to $129 billion at the time of writing in contrast with the $143 billion recorded on Sunday.
As for Ethereum, this cryptocurrency slipped by nearly 2.5% concluding the trading session at $135.09. XRP went up by up to 4.7% being worth $0.31741. Additionally, Litecoin hit $44.938, soaring by 0.12%.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.