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Webinar: Cryptocurrencies Rally on Positive US Regulatory Comments

Webinar: Cryptocurrencies Rally on Positive US Regulatory Comments

Nick Cawley, 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.

If you are interested in trading Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) or Litecoin (LTC) we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. 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.

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