Daily Cryptocurrency Tracker 21.3.19: Low volatility continues

The cryptocurrency market continued to show lower volatility than usual over the past 24 hours, as 9 of the top 10 cryptos registered price movements of 1% or lower. At the time of writing, 8 of the top 10 cryptos were in the green, however, several were trading almost flat. Bitcoin showed moderate gains, holding above the $4,000 mark.

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Cardano climbs 3%

Outside the top 10, some altcoins registered more significant price movements. One such crypto was Cardano (ADA), currently ranked 11th by market cap, which climbed more than 3% over the past 24 hours. The recent gains are in line with Cardano’s performance over the past week, as it climbed more than 15% overall, reaching price levels not seen in more than 2 months.

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CoinMarketCap launches crypto indices

Crypto market monitoring service CoinMarketCap, which tracks the performance of more than 2,000 cryptocurrencies, has announced the launch of 2 new cryptocurrency indices, on Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Börse Stuttgart. The first index, CMC200, will track the performance of all top 200 cryptocurrencies, while the second, CMC200EX, will track the performance of the top 200 altcoins, excluding Bitcoin. While indices are not tradable financial instruments, the new indices could serve as another gauge for the crypto market and position it alongside other indices, which track financial assets in mainstream markets.

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Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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