Federal Reserve Bank of St. Louis Adds Crypto Price Tracking to Research Database

The Federal Reserve Bank of St. Louis will now be tracking the prices of the four cryptocurrencies on their research database, which is according to a June 19 post on the bank’s website.

The database, which is called the Federal Reserve Economic Data (FRED), will now be include the prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) from as early as 2014 to the present. The prices will be updated daily with data obtained from U.S.-based cryptocurrency exchange and wallet Coinbase.

The Federal Reserve Bank of St. Louis has often been in the news for their research and statements about the cryptocurrencies and blockchain. In January, a paper published by the bank gave an overall favourable assessment of crypto and blockchain use in the future. In mid-May, the president of the St. Louis Fed said in an interview that he didn’t rule out Bitcoin as a potential future threat to the dollar.