Welcome to our CryptoMonday weekly review of KW 02. As usual there was a lot to report this week and so it is not surprising that we can come up with a whole range of interesting news again.
Our topics this week range from the US $ 1.9 trillion economic stimulus program and its effects on the Bitcoin course, the increasingly scarce supply from ETH and what that means for the future Ethereum course, further background information on the SEC lawsuit against Ripple to a 520,000,000 XRP transaction that caused a stir this week.
And of course that was far from all! But that’s enough of the preface. Have fun with our CryptoMonday weekly review!
Let us know afterwards What were the most exciting or significant events for you this week and discuss them with ours Community on Telegram.
Bitcoin price slipped below $ 35,000 after Biden introduced a 1.9 trillion stimulus package
Positive reactions to a $ 1.9 trillion stimulus package caused the Bitcoin price to slide again this Thursday.
The Bitcoin price briefly fell below $ 35,000 on January 15 after an apparently stronger US dollar put pressure on the world’s largest cryptocurrency. However, the price of BTC found a level of support at $ 34,300 that cushioned the sudden fall somewhat.
This again leaves open where the journey for the Bitcoin course will go next. In this article we take up the current developments and point out a possible bullish as well as a potential bearish scenario for the Bitcoin price. Read more.
75% of private CFD accounts lose money. No EU investor protection.
Ethereum price before further increase? – ETH offers on Exchanges are becoming scarcer
The Ethereum price is currently quoted at a price around 1,200 US dollars per ETH. Ethereum is still around 15 percent below the previous all-time high, which was reached in January 2018. Nevertheless, the Ethereum course is one of the big winners in recent months. Current analysis data now show that the supply of ETH on stock exchanges is becoming scarcer. You can read about what that could mean for the Ethereum course in this article.
Ripple News: SEC investigator behind $ 1.3 billion XRP lawsuit resigns
Marc P. Berger, who was appointed assistant director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was named acting director of the division after Stephanie Avakian left the SEC in December.
Although Berger’s time in the top position was short, it harbors at least one major highlight: the SEC’s $ 1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse and Executive Chairman Chris Larsen. Learn more.
Ripple Whale Alarm: Chris Larsen and Coinbase with 520,000,000 XRP transactions
While the entire crypto market has rushed from record high to record high in the past few weeks, Ripple is faced with the past. After the SEC announced the official investigation and indictment against the Ripple management team and the company itself, the price of the native cryptocurrency XRP fell sharply.
The exchanges included established and well-known platforms such as Binance US, Bittrex, Bitstamp and Coinbase. This effect itself led to further corrections in the XRP course.
The subject of this article is an interesting ripple whale alarm. Data from the whale tracker @whale_alert shows that more than 500 million XRPs were moved last Saturday, January 8th, 2021. Continue reading.
What were your personal crypto highlights this week for you? Discuss with us in our Telegram chat and follow our news channel!
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Whats trillion economic stimulus program ETH offer scarcer XRP transaction