RATE Group | Are we facing a new explosion of the crypto market?
79283
wp-singular,post-template-default,single,single-post,postid-79283,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Are we facing a new explosion of the crypto market?

13 Feb Are we facing a new explosion of the crypto market?

Posted at 09:15h in Ethereum News by

[ad_1]

  • The ETH/BTC pair shows a pattern already seen in 2017.
  • US government puts the focus on the use of cryptocurrencies for illegal activities.
  • XRP stands out today and rises in opening above 10%.

The crypto board continues to be green at this European opening. Ether dominates the performance panel supported by XRP, as Ripple Ltd finally seems to wake up from its lethargy.

The ETH/BTC chart leaves us with a hint that could indicate that the journey beyond the moon has begun. It is a pattern that has occurred on two occasions, March 2017 and January 2018. In the chart, you can see the extreme levels in the DMI (black circles) and the subsequent evolution of the pair. The green arrow shows a possible target of the movement.

As the party continues, yesterday Treasury Secretary Steven Mnuchin testified at the US Congress. Regarding cryptocurrencies, he made a strong plea against their use for illegal activities. 

He said that “cryptocurrencies, such as Bitcoin,…

[ad_2]

Source link