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 currencies head south
On Wednesday, digital currencies generally slumped in Asia, notwithstanding fresh indications that these crypto assets are getting wider acceptance. Moreover, on Monday, Nasdaq had its global data service expanded to include Ethereum and Bitcoin.
Eventually, Bitcoin slumped by 0.84% coming up with a result of $3,815.7. As for the world’s number two digital currency, Ethereum, it lost 1.82% of its market value concluding the trading session at $136.6. Additionally, XRP tumbled by 4.19% being worth $0.31413. As for Litecoin, it went down by 2.97% hitting $44.754.
As a matter of fact, the total capitalization of the cryptocurrency market accounted for $129 billion having rallied to $141 billion over the weekend.
Meanwhile, Nasdaq has finally started live listings of the Ethereum Liquid Index and Bitcoin Liquid Index from American blockchain as well as crypto market data company Brave New Coin.
As it has been reported by the Global Index Data ServiceSM service, Nasdaq start providing real-time Bitcoin as well as Ethereum index level data updated every 30 seconds.
CEO of Brave New Coin, Fran Strajnar is assured that the crypto derivative wave will 100% show up, as it’s an inevitable thing.
The cryptocurrency community considers it to be a crucial step forward in broad acceptance and adoption of digital coins.
A move by Korean high tech giant Samsung turns out to be another notable sign of wider acceptance.
Samsung’s new Galaxy S10 series handsets are going to come with a built-in crypto wallet supporting Bitcoin, Ethereum as well as two other crypto assets Enjin and Cosmee.
The company is believed to have sold up to 31 million units of the version of the Galaxy handset, which the S10 will substitute.
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This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.