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Cryptocurrencies have taken a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover over the past year.
In 2016, cryptocurrencies are undeniably an important part of the ecosystem along with the companies working with them. Even though they have been quite a debatable vehicle for payments due to the loopholes in regulations in the developing world and high attractiveness for international criminal activities, it is important to follow the financial data in order to better understand the trends in the industry.
Financial professionals can’t afford the liberty to make decisions based on “gut feeling” — a data-driven approach in finances is the most accurate strategy. Hence, the companies providing the market data will always remain relevant and important. They draw a picture of the market, indicate the state and allow deriving insights from the charts.
Any financial instrument deserves attention and tracking, but cryptocurrencies are a special case. Due to high volatility, it is especially important to have a full picture, to be able to anticipate and estimate the possibilities given the history.
Here are some of the portals that provide financial data on cryptocurrency market with attention to bitcoin trading rates and other cryptocurrencies:
Bitcoinity offers a succinct and graphical overview of the price of bitcoins and market depth on major bitcoin exchanges.
CoinMarketCap is a ranking of cryptocurrency and assets by market cap. The platform offers details and charts for each currency.
CryptoCoin provides updates on the altcoin/cryptocurrency market and financial op-eds.
TradeBlock is a global source of data and digital currency analysis, which covers all industry topics, including trading and regulation.
Coinhills provides real-time prices and indexes of digital currencies based on bitcoin via user-friendly access.
CoinGecko is a cryptocurrency ranking chart app that ranks digital currencies by developer activity, community and liquidity.
Continue exploring more places here.