RootData has launched a new module that connects the world of cryptocurrencies with traditional finance, providing users access to current information on crypto stocks and their connection to the BTC market.
New RootData Module
RootData has implemented an encrypted stock data module, allowing for real-time tracking of crypto stocks. This tool will help investors conduct deeper analyses. It provides detailed insights into crypto-linked equities, aiding users in identifying market trends and investment opportunities in the volatile cryptocurrency landscape.
BTC Market Data
As of August 12, Bitcoin (BTC) holds a strong market position. Its price is $119,016.31 with a market cap of $2.37 trillion, accounting for 59.81% of the overall market. Recent data indicates a trading volume of $89.50 billion for BTC, despite a slight price decline of 0.47%.
Analysis and Predictions
Analysts predict that RootData's new feature could help identify equity flows related to BTC treasury changes. This may enhance fundamental analysis and strengthen the trend of integrating transparent real-time data for comprehensive market evaluations.
The integration of crypto stocks with traditional finance could promote market stability and attract more institutional investors into the crypto space.
