Cryptocurrencies were stable through the last 7 days with the market set to finish the trading week ending Friday, February 15th, 2019 mixed as the price of Bitcoin (BTC) fell 0.10% since last Friday’s close to USD$3,622.73. Maker (MKR) was the best performing major cryptocurrency this week, rallying 19% since last Friday’s close to about USD$525/token. TRON (TRX) fell the most among major cryptocurrencies this week, depreciating more than 10% since last Friday’s close. Binance Coin (BNB) continued to be the cryptocurrency stalwart this week, rallying 5.18% since last Friday’s close to USD$9.13 – BNB is now up 118% from its December low!
Headlining this week in cryptocurrency news is JPMorgan Chase, who will become the first US bank to launch its own cryptocurrency. Dubbed JPM Coin, the cryptocurrency will be designed to increase the efficiency of cross-border transaction settlement. Also this week in crypto news, Nasdaq announced that it will launch two new indices, the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX), to allow investors to track real-time price updates for two of the largest cryptocurrencies by market capitalization. Finally, Canadian cryptocurrency exchange Coinsquare announced the acquisition of zero-fee decentralized payment network StellarX today.