On Tuesday Bitcoin (BTC) bulls mustered enough strength to push BTC price slightly above the $12K mark, a level not seen since Sept. 1. The move occurred after Monday’s (Oct. 19) high volume surge to $11,822 was followed by continued buying into Tuesday, providing enough momentum for bulls to push above the ascending channel to $12,038. The rally to $12K was also accompanied by soaring volumes across the top Bitcoin futures exchanges on Monday through Tuesday, and earlier this week Cointelegraph reported that the most recent CME commitment of traders report shows institutional longs reached a record-high. At the start …

What is a cryptocurrency price index? It’s a website or platform that lists the price and capitalization info of various cryptocurrencies. Popular examples are CoinMarketCap, WorldCoinIndex and CryptoCompare. These sites are mainly used for the instant price information they provide on multiple cryptocurrencies but are also a good source of information for benchmarking, monitoring and comparing the growth of the various cryptocurrency assets. Depending on the listing criteria of individual price indexes, they might provide details on all coins and tokens available on the market or just certain ones which comply with the criteria, such as being available on public …