RootData Launches Crypto Stocks Module Bridging Web3 and TradFi

RootData has introduced an encrypted stock data module, positioning itself at the intersection of Web3 and traditional finance, with live updates now available on the RootData website.

The module aids investors by offering intricate insights into crypto-linked equities, enhancing their ability to assess market trends and investment opportunities in the volatile cryptocurrency landscape.

BTC Market Data Sparks Investments in Crypto Equities

As of August 12, Bitcoin (BTC) holds a strong market position. With a price of $119,016.31, it commands a market cap of $2.37 trillion, making up 59.81% of the market. Recent 24-hour data shows a trading volume of $89.50 billion, although its price slightly declined by 0.47%. BTC, recently valued at $119,016.31, has seen positive price movements across 7- and 90-day periods, with growth rates of 3.71% and 14.46%, respectively.

Financial analysis from Coincu suggests this new feature by RootData could facilitate identifying equity flows related to BTC treasury changes. These insights could bolster fundamental analysis, aligning with the trend of integrating transparent real-time data for comprehensive market evaluations.

Market Insights and Future Predictions

Did you know? Bitcoin’s market dominance has fluctuated significantly since its inception, often reflecting broader market trends.

Recent data indicates a trading volume of $89.50 billion for Bitcoin, with a slight price decline of 0.47% over the last 24 hours.

Analysts predict that the integration of crypto stocks with traditional finance could lead to increased market stability and attract more institutional investors into the crypto space.