Crypto Market August Overview.
CryptoIndex is a tool for exposure to the crypto market and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 2000 coins applying over 200 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
Bitcoin again reached the $ 10,000 mark against the backdrop of the fact that the US Federal Reserve reduced the base interest rate by 25 points for the first time since 2008 — from 2.25% –2.5% to 2% –2.25%. The bottom line is that the lower the rate, the less investor interest in keeping the funds in dollars.
Let’s see a list of actual news. We have prepared the most trading news for this week💣
💼 On July 31, the LedgerX cryptocurrency company launched supplying bitcoin futures and was the first to realize this intention in the US market, ahead of Bakkt. Bidding with the new instrument started on the Omni platform. Both institutional and retail investors have access to it.
📝 Facebook has acknowledged what many have been saying — that regulatory issues may be an insurmountable barrier to the launch of its Libra global cryptocurrency project.
⭐️ Blockchain, a significant provider of cryptocurrency wallets, recently launched its crypto exchange. The PIT exchange is already working and registering users, but trading is not yet open. The company claims that the speed of operations on the platform will be measured in “microseconds.”
Conclusion
All news show neutral prospects. Negative news declined. This week shows a good trend, especially the launch of Bakkt and Litecoin halving.
Bulls and Bears get ready for a new rally.
Thank you for your attention!
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