Author: Kryptonews

The crypto market stabilized on Monday, January 26, as gold and the stock market rose, and the US Dollar Index plunged ahead of the upcoming Federal Reserve interest rate decision.  Summary The crypto market pared back some of its earlier losses. The Bitcoin price rose to over $88,400 from the intraday low of $87,000. The US dollar index crashed to its lowest level since November. Bitcoin (BTC) moved from the intraday low of $87,000 to $88,400, while Ethereum (ETH) rose and approached the key resistance at $3,000. The market capitalization of all coins moved back to $3 trillion. Crypto market…

Bitcoin (BTC) recovered through $88,000 after Monday’s Wall Street open as analysis called core demand “intact.”Key points:Bitcoin attempts to maintain a bounce after hitting new 2026 lows of $86,000.Traders see downside resuming as markets grapple with uncertainty across the board.Research still says that Bitcoin has a solid demand base.BTC price seen following dollar downhillData from TradingView showed BTC price action continuing to bounce from new 2026 lows seen at the weekly close. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAfter a disappointing weekly candle sparked warnings of further downside in crypto analytics circles, traders had little faith in Monday’s rebound lasting.“I believe the…

The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar.On Monday, Tether said its Tether Gold (XAUt) now represents more than half of the entire gold-backed stablecoin market, with a total value exceeding $2.2 billion.Tether disclosed that 520,089 XAUt tokens were in circulation at the end of the fourth quarter, with each token backed one-for-one by physical gold held in reserve. Tether Gold (XAUt) market capitalization. Source: CoinMarketCapCEO Paolo Ardoino said the company’s Tether…

The latest attempt to save the New Deal-era artwork from the Wilbur J. Cohen Federal Building in Washington, D.C., involves a letter written by a group of artists urging the Jewish Museum in New York to save the murals and sculptural reliefs created by Jewish artists like Ben Shahn, Philip Guston, and Seymour Fogel. The letter, addressed to Shari Aronson, chair of the board of the Jewish Museum, was written by artists Elise Engler, Joyce Kozloff, and Martha Rosler, and has been signed by hundreds of artists and artworld figures. Hyperallergic first posted about the letter. Some of the high-profile…

Key points:Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears.Several major altcoins are at risk of breaking below their support levels.Bitcoin (BTC) bounced off the $86,000 level, but the bulls are struggling to sustain the higher levels. That shows selling on rallies.Although analysts are divided about the near-term prospects of BTC, Binance co-founder Changpeng Zhao said in an interview with CNBC that BTC could witness a super cycle in the next 12 months.In contrast, Bloomberg Intelligence strategist Mike McGlone said in an interview with Cointelegraph that BTC has put in a long-term…

Whether someone has squirreled away a trove of early bitcoin BTC$87,993.01 holdings, or a grandchild has persuaded an older family member to take a flyer on some coin or token, intergenerational wealth transfer these days might easily include crypto.Not so long ago, families in this position faced uncertainty about the basics: Does crypto count as property? How does it fit from an estate planning perspective? That’s not such a problem today, because rules around wills and trusts in many jurisdictions have been updated to accommodate digital assets.Still, even with improved regulatory clarity, digital assets add a daunting layer of complexity…

The US Senate Agriculture Committee and two federal financial agencies have delayed events related to digital asset regulation amid a winter storm that paralyzed many areas of the country over the weekend.A spokesperson for Senate Agriculture Committee Chair John Boozman told Cointelegraph on Monday that the body would push a scheduled markup for its version of a crypto market structure bill to Thursday from Tuesday. The bill, called the Digital Commodity Intermediaries Act, is the committee’s attempt to establish clear rules for the Commodity Futures Trading Commission (CFTC) over digital assets. In addition to the delay in Congress, the CFTC said…

Russia has officially banned Ukrainian-founded cryptocurrency exchange WhiteBIT, escalating efforts to crack down on firms it says are supporting Ukraine’s war effort.The country’s prosecutor general designated WhiteBIT and its parent company, W Group, as “undesirable organizations,” a legal label that criminalizes any activity involving the firm in Russia.Russian authorities accused the exchange of building “gray schemes” to channel funds out of the country and supporting the Ukrainian military through financial and technical infrastructure since the start of the war in February 2022.WhiteBIT, founded in 2018 by Ukrainian entrepreneur Volodymyr Nosov, said in a note shared with CoinDesk that the decision…

XRP (XRP) may see another sharp rise to a double-digit price, but similar market setups in 2022 and 2017 pointed to an extended consolidation period before this happens.Key takeaways:XRP macro setup targets $10, but an extended consolidation is required before any sharp liftoff.XRP holds strong $1.80–$2 support since Dec 2024, which has historically produced 35%-90% price rebounds.Onchain data suggest XRP is at levels that have previously preceded sideways price action. XRP’s needs “longer accumulation” before reboundXRP defended the $1.78–$2 support band that it has held since December 2024, as shown in the chart below. XRP/USD weekly chart. Source: Cointelegraph/TradingViewThe XRP/USD pair…

Ripple has partnered with the innovation arm of Riyad Bank, a major Saudi financial institution, to explore the use of blockchain technology within the country’s financial system, signaling growing interest in blockchain-based infrastructure at the institutional level.The partnership was announced Monday by Reece Merrick, Ripple’s senior executive officer and managing director for the Middle East and Africa. Merrick said Ripple is working with Jeel, Riyad Bank’s innovation unit, as part of an agreement to study potential applications of blockchain technology. Source: Reece MerrickThe arrangement will take the form of a memorandum of understanding that focuses on cross-border payments, digital asset…