REDATOR Ben Graham Posted February 13 REDATOR Report Share Posted February 13 The crypto market's upward correction during Asian trading is seen as temporary. The US Commodity Futures Trading Commission (CFTC) has taken a significant step toward integrating and understanding the fast-evolving crypto world by appointing leaders of major crypto firms to its Innovation Advisory Committee. The move underscores the CFTC's growing recognition that effective regulation and support for digital assets require active engagement with key industry participants. The influential committee now includes prominent figures such as Brian Armstrong, CEO of Coinbase — one of the largest publicly traded crypto exchanges; Brad Garlinghouse, CEO of Ripple, the company behind the RippleNet payments network; and Anatoly Yakovenko, co?founder of Solana, a blockchain platform known for high transaction throughput. Their participation, alongside representatives from other important projects such as Uniswap, Kraken, Kalshi, and Polymarket, ensures broad coverage of the crypto ecosystem — from decentralized exchanges to derivatives trading platforms, and venture investors. Bringing industry executives into the CFTC's advisory body is intended to promote open dialogue and knowledge sharing. The collaboration is expected to help the CFTC better understand technical specifics, market dynamics and potential risks associated with crypto assets, which in turn should enable the development of more considered and effective regulatory frameworks. For the companies involved it is also an opportunity to help shape the future regulatory environment in a way that supports innovation while protecting investors. Whether this is good for the development of the crypto market, blockchain technology and its future — that's for you to decide. Trading recommendations Bitcoin Buyers are currently targeting a return to $68,900, which would open a direct path to $72,100 and then to $74,600. The farther target is around $77,300; breaking that level would signal an attempt to restore the bull market. In case of a decline, buyers are expected at $65,600. A move back below that area could quickly push BTC toward $62,600. The far downside target is $60,100. Ethereum A clear hold above $1,972 opens a direct path to $2,060. The farther target is around $2,169; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. In case of a decline, buyers are expected at $1,874. A move back below that area could quickly push ETH toward $1,783. The far downside target is $1,685. What's on the chart The red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com Visitante_b98897a1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.