What news has been happening in the crypto market this week?
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.
A lot of political uncertainties are driving the British pound down.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.