Bitcoin (BTC) Attempts $8,000 Again, Despite Google Update Disrupting Crypto Websites
Bitcoin has made another run for the significant $8,000 level which has been proving to be very strong resistance the past few weeks. Yesterday afternoon, the Bitcoin price climbed from a low of $7,615 to $8,034.56 before being knocked back below $8,000. It has since been trading sideways around the $7,930 level.
Google Core Update disrupts crypto news websites
The sudden price increase comes at the same time that a new Google Core update has caused large-scale disruption amongst Crypto news websites. Most notably, the Norwegian-based website CCN has had to shut down all operations due to the update. The website has long been one of the largest and longest running crypto-related news websites and recently began branching out into reporting on U.S. politics.
In a message on the website reporting the closure, CEO Jonas Borchgrevink noted how the visibility of the site on search results decreased by half, causing a severe loss in revenue. Other large crypto sites like CoinDesk and Cointelegraph have been similarly affected although to a lesser degree.
NASDAQ partners with CryptoCompare for Pricing Product
In other news, the New York-based stock exchange and financial technology developer NASDAQ has partnered with cryptocurrency statistics and comparison site CryptoCompare for the development of a new pricing product. CryptoCompare announced the partnership in a press release posted on their website today.
In the press release, CryptoCompare co-founder and CEO Charles Hayter stated his delight at the partnership, promising that “by bringing our high quality, granular dataset to a global institutional client base […] we will give traders and investors a competitive edge.”
The product, dubbed the ‘Nasdaq/CryptoCompare Aggregate Crypto Reference Prices’ will be made available on Nasdaq’s Quandl data platform which provides financial and economic data to clients. CryptoCompare is one of the leading providers of cryptocurrency statistics, with data on over 5,800 coins and 270,000 currency pairs.