The head of the Federal Reserve Jerome Powell will testify on the Semiannual Monetary Policy Report on Tuesday and Wednesday
Digital coins tack on
On Thursday, prices of the key crypto assets headed north in Asia. In fact, reports that CoinMarketCap is going to launch two crypto benchmark indices gained some attention.
Eventually, Bitcoin managed to inch up by up to 0.8% ending up with a result of $5,241.6. As for Ethereum, this digital coin shot up by 3.2% concluding the trading session at $171.02. Besides this, XRP surged by nearly 1.8% being worth $0.33850. Moreover, Litecoin rallied by nearly 1% trading at $80.572.
CoinMarketCap is geared up towards issuing two crypto benchmark indices on NASDAQ GIDS, Thomson Reuters Eikon, Börse Stuttgart, and Bloomberg Terminals, as some sources revealed. The two indices are expected to cover the top 200 digital coins.
As CEO of CoinMarketCap, Brandon Chez told, they are glad to give birth to these indices since they are going to promote greater accessibility to crypto data in a suitable format. They have teamed up with Solactive for this purpose. They really hope that their professionally-calculated indices will expand the reach of digital coins into the larger financial markets.
In addition to this, a key crypto exchange Coinbase has already expanded its crypto-to-crypto trading to up to 11 more countries in Southeast Asia and Latin America, as follows from their blog post on Tuesday.
Besides this, it was previously informed that the crypto exchange is teaming up with Visa with the aim of launching a crypto card, enabling card holders to spend digital coins as effortlessly as the fiat money in their bank. They also expected ATM withdrawals to substitute the conventional time-consuming crypto-to-fiat withdrawal process often taking more than 24 hours.
The United States will publish the non-farm employment change, also known as non-farm payrolls (NFP) at 15:30 MT time on February 7.
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.