Crypto Today: Bitcoin must breakdown $9500 for greater gains


Here's what you need to know on Friday

Markets

BTC/USD is currently trading at $9480 (-2.60%), as the bulls were hit with rejection around the $9500 barrier.

ETH/USD is currently trading at $177.40 (-3.60%), the bears force the price back below $180.

XRP/USD is currently trading at $0.2387 (-2.90%), the price has again been hit by supply in the run into $0.2500. 

Among the 100 most important cryptocurrencies, the best of the day are MONA $1.67 (+23.55%), ICX $8.79 (20.49%) and BST $1.60 (+14.27%) and The day's losers are CENNZ $0.060782 (-11.50%), BCN $0.000293 (-10.95%) and ETC $10.92 (-9.30%).

Chart of the day: LTC/USD daily chart

Market

Japan‘s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit. SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo. Under the scheme, newer shareholders on the company’s registry as of the starting date of March 31 can accept XRP to the value of 2,000 yen (around $18), while those who’ve been shareholders for over a year will receive 8,000 yen ($73.50) in the cryptocurrency.

In an article, titled “The Sign of a Stabilizing Market: XRP Utility” that was published on Ripple‘s official website on Thursday, January 30, 2020, the company revealed that financial institutions are already utilizing the power of blockchain and digital asset technology. And there are tangible results to prove it.

Kraken researchers claim they were able to access Trezor One and T wallet keys by manipulating the voltage in the micro-controller. These hardware components hold vital information, such as seeds, yet are not designed for such purposes. This vulnerability has been understood for some time and has also been discovered on other hardware wallets.

Regulation

The South Korean Ministry of Science, ICT and Communications intends to examine whether or not to allow regulatory sandboxes related to blockchain and distributed ledger technology (DLT)-based overseas remittances after the National Assembly Act (Special Act) on the reporting and use of certain financial transaction information pass the National Assembly.

The UK Financial Conduct Authority has licensed BCB Payments Limited as the first and only crypto-focused Authorised Payment Institution in the country. The company provides business accounts and cryptocurrency market liquidity for some of the world’s largest crypto-engaged financial institutions, including Bitstamp, Coinbase, Galaxy and Tagomi. 

French, Belgian and Israeli investigators have brought down a scheme that defrauded €6 million ($6.64 million) from French and Belgian citizens, according to a press release from Europol reads.

Industry 

After launching trading of gold-pegged stablecoin Tether Gold (XAU₮) last week, Bitfinex now allows users to trade Tether Gold against Bitcoin (BTC). On Jan. 30, Bitfinex has rolled out three margin trading pairs for Tether Gold, a digital asset backed by physical gold,

Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest.

Quote of the Day

If Bitcoin ever hits the market cap of Gold, BTC will be worth $300k.

If Bitcoin ever hits the market cap of the world's narrow supply of money, BTC will be worth $2m.

Buying under $10k is an absolute no brainer.

Keep accumulating. Keep holding.

This is only the start!

 

 

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

Cryptocurrency News Update: Bitcoin pushes above $9,400, altcoins calm down

BTC/USD has barely changed since the start of the day and gained nearly 1.2% on a day-to-day basis. The first digital asset is changing hands at $9,400 after a move to $9,445 during early Asian hours. 

More Bitcoin News

XLM/USD goes wild, stops short of $0.1000

Stellar (XLM), the 13th largest digital asset, has gone wild on Thursday. The coin hit $0.0990, which is the highest level since September 2019, and dropped to $0.0920 by the time of writing.

More Stellar Lumens News

BCH/USD bulls save strength before a move to $250.00

Bitcoin Cash (BCH) topped at $246.04 on Wednesday and retreated to $243.00 by the time ow writing. Despite some wild price gyrations, BCH has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday.

More Bitcoin Cash News

XMR/USD surges over 3% on a daily basis

The crypto market is back in the red after a fruitful trading session on Wednesday. The larger cryptocurrencies are leading with retreat, especially for Bitcoin and Ripple.

More Monero News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast

BTC

ETH

XRP