Coinmarketcap: Bitcoin, Other Crypto Coins Rise
COINMARKETCAP – On Thursday, Bitcoin and other major cryptocurrencies’ prices increased in Asia. This is amid the plans of Nasdaq for the introduction of Bitcoin futures in the first quarter in 2019.
As of 09:31 PM ET (02:31 GMT), Bitcoins urged 6.55% to $4,187.5. This was according to the Investing.com index. Based on the Poloniex exchange, Ethereum gained 4.49% to $118.77 and XRP rose 2.48% to $0.37633.Moreover, the 1337/LTC boosted 8.68% to $33.550 on the Bitifinex exchange.
After its second low this week, Bitcoin recovered a bit of momentum. Further, it reached at a $4,395 peak this Thursday after its $3,800 decline in mid-week.
But Bitcoin is constantly trading 30% less of its value. This started with mid-November when the digital coin declined from above $6,500.
News reports on Thursday revealed that Nasdaq has plans to introduce bitcoin in the first quarter next year. This was in opposed to cryptocurrencies’ existing bearish sentiment.
Meanwhile, the said Bitcoin futures will give a centralized marketplace for investors. This venue will allow participants to speculate Bitcoin’s future price movements.
Based on reports, Nasdaq has been closely working with the Commodities Futures Trading Commission (CFTC). This relationship aims to secure regulatory approval about Nasdaq’s proposal on Bitcoin futures launch along with VamEck, an investment management firm.
“[VanEck] ran a few extra miles working with the CFTC to bring about new standards for custody and surveillance,” said VanEck’s Digital Asset Strategy Director Gabor Gurbacs.
As of now, CFTC has already approved two crypto futures products. Chicago Board Options has one now and another from the Chicago Mercantile Exchange.
Coinmarketcap: EOS increases 10% in a green day
On Wednesday, EOS traded at $3.3025 as of 18:06 GMT, higher 20.35% on the day. This was according to Investing.com Index. This was the largest percentage gain of EOS for one day since August 17.
The move upwards lifted the market cap of EOS to $2.9738B, or 2.15% of the total cryptocurrency market cap. The highest recorded market cap of EOS was $17.5290B.
Overnight, the EOS traded in a range of $3.0438 to $3.3029. Further, EOS made a 13.05% loss in value for the past seven days. The volume of EOS traded overnight until to the time of writing was $825.2057M or 4.26% of the total volume of all cryptocurrencies. Over the past seven days, it has traded in a range of $2.9043 to $3.9112.
Moreover, the current price of EOS is yet below 85.63% from $22.98, which is the digital coin’s all-time high recorded on April 29.