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Ripple’s XRP Added to New Index of NASDAQ on Recently Launched Website

  • Yuri Molchan
    📰 News

    NASDAQ adds Ripple’s XRP to its new index as the 3d biggest crypto asset is becoming more popular with institutional investors around the world

Ripple’s XRP Added to New Index of NASDAQ on Recently Launched Website
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Contents

On Friday last week, the world’s biggest stock exchange NASDAQ added Ripple’s digital coin XRP to its new index on a recently built website new.nasdaq.com.

Better sooner than later

In spring, NASDAQ spread the word about its intentions to add XRP to its crypto asset index in the future, however, their plans suddenly changed and the thing was done on August 16. Now, XRP is officially part of the new NASDAQ market index.

Prior to that, the platform added XRP Liquid Index (XRPLX) to its service working with global financial data.

The announcement stated that this was part of NASDAQ’s cooperation with Brave New Coin, an analytical company that works in the cryptocurrency field. Brave New Coin was intending to send the data on its real-time XRP index to the global index data service run by NASDAQ (GIDS).

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Awareness of XRP and Bitcoin is growing

The other day, Bakkt made headlines with its announcement that it would launch in late September and would offer Bitcoin futures at the start. In the future, the company may add top five altcoins to its trading platform too.

Anthony Pompliano on Bitcoin investments

Meanwhile, the crypto expert and investor from Morgan Creek Digital, Anthony Pompliano yesterday stated in a tweet that Bitcoin would eventually become part of every institutional investor’s portfolio.

He added a link to his recent CNBC interview to the post. In that interview, among other things, Pompliano stated three major things that prevent a global 100-percent adoption of Bitcoin and its immediate price surge:

  1. Global regulation;
  2. Only tiny part of the world’s population are aware of Bitcoin’s existence and understand how BTC and crypto in general work;
  3. Difficulties of buying BTC: setting up an account on an exchange, verifying it, depositing, etc.
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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