Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
We recently reported the constructive news on CoinMarketCap’s two benchmark indices for predominant cryptocurrencies that have been unveiled on its native platform as well as on the leading global financial data feeds, such as Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), Börse Stuttgart, and Nasdaq GIDS.
CoinMarketCap’s two indices, namely, CMC Crypto 200 Index (CMC200) and CMC Crypto 200 ex BTC Index (CMC200EX), encompass the top 200 cryptocurrencies by market capitalization.
The first index (CMC200) has been developed by CoinMarketCap which is the one that comprises Bitcoin, which has lion’s share over 90 percent of the world’s crypto market, according to the company.
However, the most eye-catchy news about CMC has been made by Bitwise claiming that mere 10 cryptocurrency exchanges have real volumes, including major names like Binance, Coinbase, Kraken, Gemini, and Bittrex.
Most noticeably, CoinMarketCap has also admitted with the study. CMC has been informed of the forged volume that defames their reputation, as per the sources of Bloomberg.
They divulged their intentions to include liquidity measures and traffic data for listed exchanges.
The global head of marketing at CoinMarketCap, Carylyne Chan, said: “We want to provide as much transparency as possible to our users so that they can form their own conclusions and interpretations and not introduce our own bias into that mix.”Thereby, users can draw their conclusions on arbitrary judgment calls.
As per the blogspace, CoinMarketCap pioneered importance of market capitalization of crypto-space, wherein, the CEO of CoinMarketCap, Brandon Chez, had said“these indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets.”
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 104 levels (which is bullish), while hourly USD spot index was at -11 (mildly bearish) while articulating (at 10:46 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
