Nasdaq and CME Launch Nasdaq CME Crypto Index for Regulated Crypto Products
- Index Upgrade: Nasdaq and CME Group have jointly launched the Nasdaq CME Crypto Index, aimed at providing a foundation for regulated crypto products like ETFs and structured funds, marking a significant step towards the normalization of the crypto asset market.
- Market Demand Response: The introduction of this index addresses the market's demand for regulated investment solutions, with CME's Giovanni Vicioso stating that this combination will deliver the diversification foundation investors require.
- Regulatory Clarity Improvement: As regulatory rules around crypto assets in the U.S. become clearer, Nasdaq's Sean Wasserman noted that this opens the door for industry participants to develop regulated investment solutions, facilitating the legitimization of crypto assets.
- Historical Collaboration Continuation: The partnership between Nasdaq and CME, which dates back to the 1990s, continues with the launch of this new index, leveraging their extensive experience in markets and indexing, and is expected to further advance the development of crypto assets as an asset class.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 41959.884 | 50979.942 | 61383.884 | 70403.942 | 80807.884 | 89827.942 | 100231.884 |
| Fibonacci | 50979.942 | 58399.91 | 62983.974 | 70403.942 | 77823.91 | 82407.974 | 89827.942 |
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