Here's what you need to know on 

Markets:

BTC/USD is currently trading at $9,759 (+2.0% on a day-to-day basis). The coin has been moving within a short-term bearish trend after a failure to break above $10,200.

The ETH/USD pair is currently trading at $220.0 (+1.7% on a day-to-day basis). The Ethereum retreated from the intraday high of $223.36; now, it is moving within a short-term bearish trend amid low volatility

XRP/USD settled at $0.2700 after a dip to $0.2672 on Tuesday. The coin is down 2.3% in recent 24 hours.

Among the 100 most important cryptocurrencies, the best of the day are Huobi Pool Token (HPT) $0.0094 (+23.9%),Waves (WAVES) $1.34 (+16.5%) and OKB (OKB) $5.49 (+13.5%), The day's losers are, KickToken (KICK) $0.0005 (-25.8%), Lisk (LSK) $1.96 (-16.42%) and Aion (AION) $0.1240 (-13.92%).

Chart of the day:

BTC/USD, 4-hour chart

Market:

In less than four years, Grayscale Bitcoin Trust (GBTC) gathered 285 000 BTC under management, which is over 1.5% of all Bitcoins in circulation, according to Larry Chermak, researcher from The Block. The fund colledted fees to the tune of $80 million, while the inflows reached $438 million in 2019, which is nearly 700% higher from $64 million in 2017.

Fundstrat's Tom Lee reiterated his bullish Bitcoin forecasts for 2020. He believes the first digital coin will outpace Dow and hit $40,000 by the end of the year. Speaking at CNBC's 'Power Lunch,' he said that technical setup and major global developments including coronavirus outbreak will cause the massive price increase. 

Industry:

Malta-based cryptocurrency exchange announced peer-to-peer (P2P) trading services for the Russian Ruble (RUB). The platform users will be able to buy and sell USDT, BTC, ETH and BNB using RUB with zero fee via mobile app available for iOs and Andriod devices. Binance P2P trading platform was launched in October 2019. Currently, it supports  Chinese Yuan (CNY), Vietnamese Dong (VND) and Russian Ruble (RUB). Also, the company plans to add more digital coins and extend fiat support in 2020 to cater the needs of users from different countries.

“Russia is a vibrant  market for blockchain and crypto advancement. We strive to provide our Russian users with easy fiat-to-crypto access. P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer,” Binance CEO Changpeng Zhao commented.

The US-based cryptocurrency exchange Poloniex deleted all trading history and cancelled all withdrawal requests for 12 minutes after identifying a bug in the system. The company said that the error had been caught during automatic audit, which placed the site into mantainance mode.

Today, at 17:53 UTC, we introduced a bug that briefly caused trades to be executed erroneously. Our automated balance audits caught the error and placed the site into maintenance mode. We have identified the bug and deployed a fix.

Currently, the exchange operates in an ordinary mode, users are allowed to adjust their orders in accordance with the current prices.

Regulation:

U.S. District Judge Kevin Castel of Manhattan will hear the Securities and Exchange Commission’s crypto enforcement proposal against Telegram on February 19. The SEC insists that the team behind the encrypted messaging app raised nearly 2 billion for the blockchain development  in breach of securities laws. However, Telegram representatives counter that their cryptocurrency tokens are not securities, thus they are outside the SEC's jurisdiction.

 

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


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

More Bitcoin News

Maker Price Analysis: MKR whales could be getting ready to dump again at $470

Maker has been one of the most affected coins after the last crypto crash, losing around 50% of its value in practically one month. MKR is currently ranked 37th with a market capitalization of $500 million.

More Cryptocurrencies News

Kyber Network Price Prediction: KNC could be on the verge of a 50% correction

Kyber Network was trading as high as $2.04 on August 14 but plummeted to $1.04 just 22 days later, a 48% loss that clearly shows bears are in full control in the short and mid-terms.

More Cryptocurrencies News

Aave Price Analysis: LEND bulls will have to fight for $0.65 to regain control

Aave's LEND is the 29th-largest digital asset with the current market capitalization of $751 million and an average daily trading volume of $167 million. The token is most actively traded on Binance. 

More Crypto News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP