Crypto Update: Incoming adoption
This week the entire crypto market cap rose by 12% to around $135 billion. Bitcoin and Ethereum advanced by 10% and 20% respectively.
Cryptocurrency analyst, Saxo Bank
Summary: The cryptocurrency market is developing extremely rapidly as technologies, processes and regulations multiply at speed. In such a hectic environment it can be difficult to stay informed, so here's the lowdown on our favourite sources.
The cryptocurrency market is in a significantly different position than it was last year. Despite the market downturn, entrepreneurs and developers are still building the next wave of blockchains and applications. It is important that investors use this relatively quiet time in the markets as an opportunity to increase their cryptocurrency knowledge. We provide some of our favorite cryptocurrency data sources which we follow to stay up to date with the latest information. It is a good starting point for the crypto market enthusiast.
The ranking sites below provide information on specific cryptocurrencies, such as market cap, circulating supply, and volume. They serve as a good starting point to explore the market of digital assets.
Coinmarketcap is arguably the most popular website from cryptocurrency rankings, in fact when the website dropped Korean exchanges from its calculation, it led to a sell-off in Bitcoin. The site offers simple charts and access to historical data. Also, it offers a ranking of exchanges by volume. Perfect for the crypto beginner. The website supports multiple fiat currencies.