The news from South Korea helped to push the market outside the range. Bitcoin and major altcoins moved above important resistance levels. The cryptocurrency market is full of optimism once again. Bitcoin and all major altcoins are growing strongly with bullish trend seem to be gaining momentum. BTC/USD rushed above $9,000 and hit the intraday high at $9,126. Both ETH and XRP smashed important resistance levels and continued the upside quest. The total capitalization of all digital assets in the circulation jumped to $260 billion, while an average daily trading volume is registered at $130 billion South Korea is behind the pump The positive news from South Korea might have become the last straw that pushed the market outside the ranges. The News Asia reports that the Parliament of the South Korea passed an amendment to the Act on Reporting and Use of Specific Financial Information, which signals that cryptocurrency trading and holding will become a part of the legal system. This development is expected to lead to a complete revamp of the domestic blockchain industry. Once the amendments are approved by the president, a year-log of enactment process will start. Once it is over, the companies will have six-months of a grace period to ensure the compliance with the requirements. Allegedly, blockchain and cryptocurrency companies shall bring their operations in full compliance with the regulatory requirements by September 2021. Cryptocurrency market goes wild A flow of positive news, including yesterday’s announcement that India’s Supreme Court cancelled the ban on cryptocurrency trading, caused the industry players jump with joy. BTC/USD is moving fast towards the next important resistance of $9,250, created by a combination of SMA50 daily and 23.6% Fibo retracement for the downside move from July 2019 high to December 2019 low. It is closely followed by $9,300. Once it is out of the way, the upside is likely to gain traction with the next focus on $9,600. ETH/USD gained nearly 4% since the beginning of Thursday and hit $234.65, which is the highest level since the beginning of March. The next strong barrier comes at $245.70. It is created by SMA100 4-hour and followed by psychological $250.00. XRP/USD managed to break free from the range and hit the intraday high of $0.2429. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY Price Analysis: Struggles near multi-month lows, below 107.00 mark FX Street 3 years The news from South Korea helped to push the market outside the range. Bitcoin and major altcoins moved above important resistance levels. The cryptocurrency market is full of optimism once again. Bitcoin and all major altcoins are growing strongly with bullish trend seem to be gaining momentum. BTC/USD rushed above $9,000 and hit the intraday high at $9,126. Both ETH and XRP smashed important resistance levels and continued the upside quest. The total capitalization of all digital assets in the circulation jumped to $260 billion, while an average daily trading volume is registered at $130 billion South Korea is behind… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.