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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3059 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The Bloomberg Galaxy Crypto Index (BGCI), which was created by Bloomberg in cooperation with Mike Novogratz-helmed Galaxy Digital, is <a rel="nofollow" target="_blank" href="https://www.bloomberg.com/news/articles/2019-12-23/crypto-index-flashes-buy-signal-just-in-time-for-the-holidays">showing a buy signal</a>&nbsp;for the first time this&nbsp;December.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote>
    “Much of this is being attributed to some exhaustion with the bearish trend that we saw,”&nbsp;said&nbsp;Oanda's market analyst&nbsp;Ed Moya.&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    The three biggest cryptocurrencies&nbsp;(Bitcoin, Ethereum, and XRP) are responsible for almost 90 percent of <a rel="nofollow" target="_blank" href="https://data.bloomberglp.com/professional/sites/10/BGCI-Factsheet-01-31-19-FINAL.pdf">its constituent weight</a>. The weightings of the BGCI index depend on market capitalization but not a single cryptocurrency can surpass a 30 percent share (sorry, Bitcoin).&nbsp;&nbsp;&nbsp;&nbsp;
    
    The year-to-date return of the BGCI is $10.19 percent. While Bitcoin had a stellar year with more than a 70 percent increase, the top altcoins didn't fake so well -- both Ethereum and XRP are likely to end this year <a rel="nofollow" target="_blank" href="#">with a loss</a>.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.bloomberg.com/quote/BGCI:IND">bloomberg.com</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Presently, BTC is <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">trading at $7,387</a> after failing to break above the resistance at the $7,700 level. Ethereum and Litecoin are currently in the red due to Bitcoin price shedding more than $300 in no time.&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">Tezos (XTZ)</a> is the top-gaining cryptocurrency within the top ten, surging by more than five percent.&nbsp;
    
    <em>What coins will end up being the biggest gainer in 2020? Share your predictions in the comments!&nbsp;</em>
    ') (Line: 1086)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The Bloomberg Galaxy Crypto Index (BGCI), which was created by Bloomberg in cooperation with Mike Novogratz-helmed Galaxy Digital, is <a rel="nofollow" target="_blank" href="https://www.bloomberg.com/news/articles/2019-12-23/crypto-index-flashes-buy-signal-just-in-time-for-the-holidays">showing a buy signal</a>&nbsp;for the first time this&nbsp;December.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote>
    “Much of this is being attributed to some exhaustion with the bearish trend that we saw,”&nbsp;said&nbsp;Oanda's market analyst&nbsp;Ed Moya.&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    The three biggest cryptocurrencies&nbsp;(Bitcoin, Ethereum, and XRP) are responsible for almost 90 percent of <a rel="nofollow" target="_blank" href="https://data.bloomberglp.com/professional/sites/10/BGCI-Factsheet-01-31-19-FINAL.pdf">its constituent weight</a>. The weightings of the BGCI index depend on market capitalization but not a single cryptocurrency can surpass a 30 percent share (sorry, Bitcoin).&nbsp;&nbsp;&nbsp;&nbsp;
    
    The year-to-date return of the BGCI is $10.19 percent. While Bitcoin had a stellar year with more than a 70 percent increase, the top altcoins didn't fake so well -- both Ethereum and XRP are likely to end this year <a rel="nofollow" target="_blank" href="#">with a loss</a>.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.bloomberg.com/quote/BGCI:IND">bloomberg.com</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Presently, BTC is <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">trading at $7,387</a> after failing to break above the resistance at the $7,700 level. Ethereum and Litecoin are currently in the red due to Bitcoin price shedding more than $300 in no time.&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">Tezos (XTZ)</a> is the top-gaining cryptocurrency within the top ten, surging by more than five percent.&nbsp;
    
    <em>What coins will end up being the biggest gainer in 2020? Share your predictions in the comments!&nbsp;</em>
    ') (Line: 1086)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The Bloomberg Galaxy Crypto Index (BGCI), which was created by Bloomberg in cooperation with Mike Novogratz-helmed Galaxy Digital, is <a rel="nofollow" target="_blank" href="https://www.bloomberg.com/news/articles/2019-12-23/crypto-index-flashes-buy-signal-just-in-time-for-the-holidays">showing a buy signal</a>&nbsp;for the first time this&nbsp;December.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote>
    “Much of this is being attributed to some exhaustion with the bearish trend that we saw,”&nbsp;said&nbsp;Oanda's market analyst&nbsp;Ed Moya.&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    The three biggest cryptocurrencies&nbsp;(Bitcoin, Ethereum, and XRP) are responsible for almost 90 percent of <a rel="nofollow" target="_blank" href="https://data.bloomberglp.com/professional/sites/10/BGCI-Factsheet-01-31-19-FINAL.pdf">its constituent weight</a>. The weightings of the BGCI index depend on market capitalization but not a single cryptocurrency can surpass a 30 percent share (sorry, Bitcoin).&nbsp;&nbsp;&nbsp;&nbsp;
    
    The year-to-date return of the BGCI is $10.19 percent. While Bitcoin had a stellar year with more than a 70 percent increase, the top altcoins didn't fake so well -- both Ethereum and XRP are likely to end this year <a rel="nofollow" target="_blank" href="#">with a loss</a>.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.bloomberg.com/quote/BGCI:IND">bloomberg.com</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Presently, BTC is <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">trading at $7,387</a> after failing to break above the resistance at the $7,700 level. Ethereum and Litecoin are currently in the red due to Bitcoin price shedding more than $300 in no time.&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">Tezos (XTZ)</a> is the top-gaining cryptocurrency within the top ten, surging by more than five percent.&nbsp;
    
    <em>What coins will end up being the biggest gainer in 2020? Share your predictions in the comments!&nbsp;</em>
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The Bloomberg Galaxy Crypto Index (BGCI), which was created by Bloomberg in cooperation with Mike Novogratz-helmed Galaxy Digital, is <a rel="nofollow" target="_blank" href="https://www.bloomberg.com/news/articles/2019-12-23/crypto-index-flashes-buy-signal-just-in-time-for-the-holidays">showing a buy signal</a>&nbsp;for the first time this&nbsp;December.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote>
    “Much of this is being attributed to some exhaustion with the bearish trend that we saw,”&nbsp;said&nbsp;Oanda's market analyst&nbsp;Ed Moya.&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    The three biggest cryptocurrencies&nbsp;(Bitcoin, Ethereum, and XRP) are responsible for almost 90 percent of <a rel="nofollow" target="_blank" href="https://data.bloomberglp.com/professional/sites/10/BGCI-Factsheet-01-31-19-FINAL.pdf">its constituent weight</a>. The weightings of the BGCI index depend on market capitalization but not a single cryptocurrency can surpass a 30 percent share (sorry, Bitcoin).&nbsp;&nbsp;&nbsp;&nbsp;
    
    The year-to-date return of the BGCI is $10.19 percent. While Bitcoin had a stellar year with more than a 70 percent increase, the top altcoins didn't fake so well -- both Ethereum and XRP are likely to end this year <a rel="nofollow" target="_blank" href="#">with a loss</a>.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.bloomberg.com/quote/BGCI:IND">bloomberg.com</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Presently, BTC is <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">trading at $7,387</a> after failing to break above the resistance at the $7,700 level. Ethereum and Litecoin are currently in the red due to Bitcoin price shedding more than $300 in no time.&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">Tezos (XTZ)</a> is the top-gaining cryptocurrency within the top ten, surging by more than five percent.&nbsp;
    
    <em>What coins will end up being the biggest gainer in 2020? Share your predictions in the comments!&nbsp;</em>
    ') (Line: 1086)
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Crypto Index Signals Buying Opportunity: Bloomberg

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Mon, 23/12/2019 - 17:57
Crypto Index Signals Buying Opportunity: Bloomberg
Cover image via U.Today
Read U.TODAY on
Google News

The Bloomberg Galaxy Crypto Index (BGCI), which was created by Bloomberg in cooperation with Mike Novogratz-helmed Galaxy Digital, is showing a buy signal for the first time this December. 

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“Much of this is being attributed to some exhaustion with the bearish trend that we saw,” said Oanda's market analyst Ed Moya.   

card

The three biggest cryptocurrencies (Bitcoin, Ethereum, and XRP) are responsible for almost 90 percent of its constituent weight. The weightings of the BGCI index depend on market capitalization but not a single cryptocurrency can surpass a 30 percent share (sorry, Bitcoin).    

The year-to-date return of the BGCI is $10.19 percent. While Bitcoin had a stellar year with more than a 70 percent increase, the top altcoins didn't fake so well -- both Ethereum and XRP are likely to end this year with a loss.

Bloomberg
image by bloomberg.com

card

Presently, BTC is trading at $7,387 after failing to break above the resistance at the $7,700 level. Ethereum and Litecoin are currently in the red due to Bitcoin price shedding more than $300 in no time.  

Tezos (XTZ) is the top-gaining cryptocurrency within the top ten, surging by more than five percent. 

What coins will end up being the biggest gainer in 2020? Share your predictions in the comments! 

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