Crypto Today: Bitcoin and its peers are subject to a reversal


Here's what you need to know on Friday

Markets

BTC/USD is currently trading at $9716 (+1.50%), remaining at risk underneath the $10,000 price mark. 

ETH/USD is currently trading at $266 (+4.50%), critical support at $250-40 remains intact, as part of the double top, the neckline area. 

XRP/USD is currently trading at $0.2760 (+2.50%), vulnerabilities remain underneath $0.3000. 

Among the 100 most important cryptocurrencies, the best of the day are ALGO $0.45345 (+22.55%), LRC $0.047042 (+17.49%) AION $0.134455 (+13.75%) The day's losers are MANA $0.055078 (-11.42%), ABBC $0.118961 (-9.30%), LSK $1.53 (-5.25%).

Chart of the day: BCH/USD weekly chart (Evening star formation proving to be problematic) 

Market

IOTA is continuing to release new information in response to a Feb.12 hack on its official wallet. 

According to a status update, the IOTA Foundation strongly recommends users of the Trinity Wallet to immediately change their passwords and use the seed migration tool to protect their assets. Trinity users who opened or updated their wallets between December 17th, 2019 and February 18th, 2020 may be vulnerable.

The Cardano (ADA) distributed ledger technology (DLT) project has successfully carried out the Ouroboros Byzantine Fault Tolerance (OBFT) hard fork, a huge milestone that lays a solid foundation for the launch of Shelley, according to a tweet on February 20, 2020.

Regulation

The Malta Financial Services Authority (MFSA) claims that it has never approved major cryptocurrency exchange Binance to operate in the country. The MFSA issued a public statement, stating that Binance “is not authorized by the MFSA to operate in the cryptocurrency sphere.” The agency outlined that recent media reports referred to Binance incorrectly as a “Malta-based cryptocurrency firm,” while the exchange “may not fall within the realm of regulatory oversight.”

Belgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. The FSMA made the update following a number of complaints from Belgium-based users who dealt with fraudulent offers of investment in digital currencies, according to a Feb. 21 announcement. After the latest revision, the FSMA’s list now includes a total of 141 websites offering cryptocurrency-related services.

The Organization for Security and Cooperation in Europe (OSCE) conducted a training course on combating dark web-facilitated crime. Law enforcement representatives from Central Asian countries were taught how the darkweb and cryptocurrencies function, in order to better combat drug-related crime.

Industry 

Fidelity International has invested $14 million in Hong Kong-listed digital asset firm BC Group. The funding form the arm of US asset manager Fidelity Investments, which claims to have 23 million retail accounts, is part of a $36 million round that the public technology startup raised earlier this month in a share placement.

Quote of the day

Bitcoin is actually digital real estate, but i don't have time to try to convince you, sorry

@udiWertheimer

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD is still chasing 10K

Bitcoin is trading well on Monday after some choppy price action over the last four sessions. The bulls just have not managed to have a clear run at the highs in recent session as every time the BTC/USD pair has a bullish close ...

More Bitcoin News

XRP/USD is stuck between a technical rock and hard place

Ripple has been moving higher on Monday as the sentiment in the cryptosphere remains positive. The XRP/USD pair has bounced off the 0.21 resistance point but looks like it could make another run on ...

More Ripple News

Ethereum Chart Update: ETH/USD is fine as long as it stays above daily SMA50

Ethereum (ETH) has been moving inside a range limited by $230.00 on the downside and $240.00 on the upside since Sunday. The coin tested lows at $224/62; however, the sell-off attracted new short-term buyers that ...

More Ethereum News

NEO Price Analysis: NEO/USD rips higher once again past 12.00

Neo is one of the major outperformers on Monday as the price has risen over 14% on the session. The psychological 13.00 is the next target after 12.00 was broken with ease in the EU ...

More NEO News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

BTC

ETH

XRP