Ripple (XRP) Smashes $0.25 To Open Doors For $0.30: Key Levels To Watch

Ripple gained recently and broke the $0.2450 and $0.2500 resistance levels against the US Dollar. XRP price is currently correcting, but it is likely to continue higher towards $0.3000. Ripple price climbed higher and traded to a new monthly high at $0.2616 against the US dollar. The price is currently correcting lower, but dips remain supported near $0.2480 and $0.2450. There is a short term declining channel or a bullish flag forming with resistance near $0.2580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

$220: Ethereum Bulls Aim Big After Recent Bearish Rejection

Ethereum price is trading with a positive bias above the $180 and $185 levels against the US Dollar. ETH is likely to continue higher towards $200 or $220 in the near term. Ethereum is trading in a bullish zone above the $180 pivot area against the US Dollar. The price climbed higher recently and revisited the $194-$195 resistance area. There was a break above a major contracting triangle with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is still struggling to stay above…

Here’s Why a Bigger Price Explosion Is Expected

In the past 20 minutes, Bitcoin has finally exploded higher out of the weekend range, breaking above $9,500 for the first time since the strong top seen on January the 30th. Per data from TradingView, the cryptocurrency just minutes ago hit $9,620 — rallying 2.3% higher in the span of about 10 minutes. The timing of the surge was eerie: in the same five or ten minutes, Bitcoin surged 2% out of left field as the Shanghai Stock Exchange Composite dropped 8% on the fear of the coronavirus outbreak affecting…

Why is the Crypto Market Up 35% In a Month? Analysts Tell All

In December, crypto analysts across the board were almost certain that Bitcoin was poised to fall to the $5,000s and maybe even lower; after surging to $14,000 by June 2019, the cryptocurrency had entered a steep downtrend, marked by successive lower lows and lower highs. But, this changed at the turn of the year. After showing signs that it was going to head lower in 2020, the crypto market saw a massive bullish reversal in the month of January, with the market cap rallying from $185 billion to $250 billion,…

Top 10 Congresspeople Working on Crypto Policy

Following a year that has seen unprecedented interactions between United States legislators and the crypto industry, Cointelegraph has compiled a roster of congresspeople who have established stances and policies for blockchain and cryptocurrency that will shape the future of the industry within the country.  Some of the congresspeople listed are bullish on blockchain, while some have established clear opposition to topics like Facebook’s Libra or other cryptocurrencies, but Cointelegraph believes that all of them are worth watching in 2020. Rep. Tom Emmer (R-MN) As ranking member of the Fintech Task…

Top Cryptocurrency Tezos Sets New All-Time High: Are More Gains Imminent?

Although almost all eyes have been on Bitcoin, top cryptocurrency Tezos has seen a stellar past 24 hours. Per data from TradingView, the altcoin, in the top 20 cryptocurrencies by market capitalization, has gained upwards of 15%, surging as high as $2.04 from yesterday’s price of $1.75. Related Reading: Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next Analysts across the board say that this strong move higher in the price of XTZ could be a precursor to an even larger surge higher, citing their technical analysts and…

Hodler’s Digest, Jan. 27–Feb. 2

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SEC tells Telegram its crypto is worth less than donuts The United States Securities and Exchange Commission has gotten its claws out as it takes Telegram to task over its offering for Gram tokens. In a feisty memo to the Southern District Court of New…

Libre Not Libra – Thinking Critically About Facebook’s Blockchain Project

In “Libre Not Libra: Facebook’s Blockchain Project,” Andreas answers the burning question… Has he tried haggis? Just kidding… He shares his thoughts on the recently released Libra whitepaper, as part of a permissioned blockchain project spearheaded by Facebook. Years of jokes about “FaceCoin” and “ZuckBucks” have finally come to life – sort of. In a previous episode, he talked about how some venture capitalists are monkeying around by downplaying the killer applications of open blockchains  in favor of… bananas. Now he makes us wonder whether Libra will even survive to…

Bermuda Is Planning a Comprehensive Crypto Framework

In what must have been a drastic change for Denis Pitcher, chief fintech advisor to the Premier of Bermuda, he and CoinDesk’s Michael Casey took to the chilly streets of Davos to talk about his government’s steps to enable blockchain adoption in the island nation. “In the summer of 2018, we launched a comprehensive regulatory framework to provide clarity and leverage,” said Pitcher. “We introduced a principle-based framework that allowed us to define more of a scope around a business plan as opposed to specific activities. That allows you to…