

Please try another search
Today’s Bitcoin market share plunged in the vicinity of some new multi-months low levels, therefore, igniting fresh new speculations about another festive altcoin season. Across the planet, regulators have made themselves very busy with researching brand new technologies to stay ahead.
The technical picture simply suggests that the Bitcoin may once again enter a range-bound movement just before facing another bullish tidal wave.
In other news, the cryptocurrency has had another of the chart week with sharp variations. Bitcoin has managed to gain a total value of +5% on a weekly basis and this not exactly the best result because many top tier altcoins registered solid amounts of double-digit gains. Moreover, XTZ is now close to a +33% height, ETH has also managed to jump by a value of +22% and BNB by +20%.
It comes in as no surprise that BTC influence dropped to a monthly low of 64.1%, but overall parameters have managed to hit the recent high points close to the 72% value on the 3rd of January, but since then it has been declining continuously across the chart.
This momentum has managed to prompt a wide array of tensed discussions about the upcoming altseason, however far some arguments may go it is more than clear that the decline towards 60% serves as a solid confirmation for this theory.
For the time being the BTC/USD pair is trading in the close vicinity of $10,316 and so far it has gone upwards by a positive value of +5.5% daily, but it is clear that correction movement has been very short.The BTC/USD pair is expected to touch soon a new 2020 high level which would be in the proximity of the $10,385 value.At the same time, the ETH/USD pair is trading high in the proximity of $246.88 therefore it has gone upwards by a positive value of +12.15% daily. In other words the Ethereum backed away from the intra-day high place of $248.19 and for the time being, its intentions are suggesting that a solid bullish trend amid weak volatility might be just around the corner.The XRP/USD pair has managed to set up camp in the vicinity of $0.2880 after it has managed to jump towards $0.2917 during the debut of the Asian trading session, because of this spike the coin managed to gain a +6.5% value in the last 24 hours.As for the other relevant cryptocurrencies the best of the day are:
It is now more than clear to us that many regulators and government officials all over the planet are diving in a lot deeper into the ocean of blockchain security innovations most of which are revolving around the non-programmable hardware devices such as PKI technology wallets. Devices like HASHWallet are precisely the type of technology that can give crypto holders straightforward command over their tokens but also enables them to be spent easily when demanded. It’s a good example of non-programmable device safety because nobody can modify the content stored on the wallet.
The Archos Safe-T Mini is yet another reliable example and it’s probably the most basic version of hardware wallets for altcoins, but it definitely is a great addition to the field because it’s fairly easy to set up and it offers a wide array of crypto support.
As a direct consequence, the Federal Reserve System (FRS) is deploying a significant amount of effort in researching the notion of central bank-issued digital currency as well as devising a new concept for the USDD (United States Digital Dollar).
FRS senior board member Lael Brainard stated that the central regulator needs to be ready to deal with a brand new type of money to ensure efficient and dynamic compliance of the existing payment networks.
It is imperative to mention that other central banks have also managed to confirm their active interest in this new concept and until now the only institution that has moved into a solid research stage is the Chinese People's Bank.
Across the ocean in the United States commissioner, Hester Pierce member of the Securities and Exchange Commission has made a very interesting statement, Hester Pierce is known to the world as the "Crypto Mom" mostly because of her dedicated attitude towards the cryptocurrency industry.
There is also a significant call to soften the necessities of token sales, which have been launched by blockchain and cryptocurrency startups.
The commissioner also believes that a large set of temporary exemptions will help the teams to raise money and life their projects to a new level much faster.
Voices within the US SEC say that chances of approval are still very small and the head of the SEC Jay Claiton has another view on the matter at hand slightly different than “Crypto Mom” has. At any rate market, analysts find this news remarkably positive signals and the BTC rates have reacted accordingly.
The price of Bitcoin in Nigeria is up by around 60% compared to other parts of the world amid measures by the Central Bank of Nigeria to impose limits on ATM cash withdrawals. The...
Bitcoin mining revenue rose 50% to over $24.4 million from more than 15.3 million on Jan. 3, Blockchain.com data showed. While it relieves troubled bitcoin miners, the revenue...
Bitcoin has been continuously rejected at the $23,000 level Ethereum has become more volatile since the second half of January, reflecting a price squeeze Bitcoin could correct in...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.