Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
Webinar: Cryptocurrencies Rally on Positive US Regulatory Comments

Webinar: Cryptocurrencies Rally on Positive US Regulatory Comments

Nick Cawley, Senior Strategist

In this webinar we explained why cryptocurrency prices turned sharply higher late Tuesday after positive comments from CFTC chairman Christopher Giancarlo and SEC chair Jay Clayton at the US Senate hearing seemed to legitimize the digital space.

Cryptocurrency Topics Covered

  • The prices of Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) all performed a sharp turnaround and gained 25%+ over a 24-hour period after official US regulatory commentary met with a bullish market response.
  • Santander announced it would use Ripple technology in its latest payment app which could push XRP back into the public’s view.
  • Overall technical charts look at a lot more positive but don’t chase prices and remain disciplined at all time.

If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.

In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed decisions.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES