Summary:
- Mayor of Chicago: Cryptos may save from financial crises
- CoinMarketCap indices listed on Nasdaq, Bloomberg and Reuters
- May Bitcoin break clearly above $4000 handle?
Top cryptocurrencies have launched Thursday trading quite calmly as major cryptos have not experienced any major price movements. In general, March seems to be quite a boring month on the cryptocurrency market so far. Will cryptocurrencies surprise investors this month? According to CoinMarketCap, the capitalization of the whole crypto market stands a little below the $142 billion handle whereas the market capitalization of altcoins sits a little below the $70 billion handle on Thursday.
Bitcoin (BITCOIN on xStation5) has approached its key price level around $4000, but failed to break above so far. Will bulls manage to break out of the current trading range or are we doomed for more sideways trading? Source: xStation5
Mayor of Chicago says cryptocurrencies may help countries facing financial crises
The Mayor of the City of Chicago Rahm Emanuel made some remarks related to cryptocurrencies during a meeting concerning the Chicago’s FinTech movement, as the Forbes reported. Emanuel said that cryptocurrencies may be useful in debt markets as well as they may play a key role in Third World countries. What’s more, Rahm Emanuel thinks that cryptocurrencies may help countries facing financial crises. The Mayor of Chicago also stated that he wants its city “to be recognized as the global leader of the FinTech revolution”.
Thursday has not brought any surprising price changes for Ethereum (ETHEREUM on xStation5) so far. The second largest cryptocurrency is trading a notch below the $139 handle at press time. Source: xStation5
Crypto indices listed on Nasdaq, Bloomberg and Reuters
CoinMarketCap, the premier price-tracking website for cryptocurrencies, announced that its two crypto-related indices would be listed on Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Boerse Stuttgart. The indices show a market capitalization of 200 weighted cryptocurrencies. First of them is the CMC Crypto 200 Index, and it includes Bitcoin (the index covers more than 90% of the crypto market). The latter is the CMC Crypto 200 ex BTC Index, which is quite similar to the first one, but it excludes Bitcoin - the largest cryptocurrency accounts for roughly 50% of the total crypto market cap.
Ripple (RIPPLE on xStation5) is still trading in the vicinity of the 50-period moving average (a light green line) on the daily chart. However, the long lower wicks of recent candlesticks suggest that Ripple bulls hold grip over the market. Source: xStation5
