Colombia&#8217;s crypto data disclosure mandate enhances fiscal transparency, 
potentially influencing global tax policies and crypto market dynamics.
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Colombia mandates disclosure of Bitcoin and crypto transaction data

XRP price extended losses and traded below $2.120. The price is now attempting 
to start a fresh increase and faces hurdles near the $2.20 level. XRP price 
started a fresh decline below the $2.20 zone. The price is now trading below 
$2.20 and the 100-hourly Simple Moving Average. There was a break above a 
connecting bearish trend line with resistance at $2.10 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $2.20. XRP Price Attempts Recovery XRP price failed to 
stay above $2.25 and started a fresh decline, like Bitcoin and Ethereum. The 
price declined below $2.20 and $2.150 to enter a short-term bearish zone. The 
price even spiked below $2.10. A low was formed at $2.063, and the price is 
now attempting to recover. There was a move above $2.120. Besides, there was a 
break above a connecting bearish trend line with resistance at $2.10 on the 
hourly chart of the XRP/USD pair. It tested the 23.6% Fib retracement level of 
the downward move from the $2.416 swing high to the $2.063 low. The price is 
now trading below $2.20 and the 100-hourly Simple Moving Average. If there is 
a fresh upward move, the price might face resistance near the $2.1680 level. 
The first major resistance is near the $2.20 level. A close above $2.20 could 
send the price to $2.240 or the 50% Fib retracement level of the downward move 
from the $2.416 swing high to the $2.063 low. The next hurdle sits at $2.280. 
A clear move above the $2.280 resistance might send the price toward the 
$2.320 resistance. Any more gains might send the price toward the $2.350 
resistance. The next major hurdle for the bulls might be near $2.40. Another 
Decline? If XRP fails to clear the $2.20 resistance zone, it could start a 
fresh decline. Initial support on the downside is near the $2.080 level. The 
next major support is near the $2.050 level. If there is a downside break and 
a close below the $2.050 level, the price might continue to decline toward 
$2.00. The next major support sits near the $1.9650 zone, below which the 
price could continue lower toward $1.880. Technical Indicators Hourly MACD – 
The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $2.080 and $2.050. Major Resistance Levels – $2.1680 
and $2.240.

XRP Price Pushes for Gains, Resistance Keeps the Market Guessing

Bitcoin mining is accelerating renewable energy deployment, replacing fossil- 
fuel heating, expanding energy access and cutting methane emissions at scale.

Bitcoin is now 56.7% green: Here’s how it could get even cleaner

Data shows the crypto derivatives market has faced a fresh wave of 
liquidations as Bitcoin and other assets have gone through a retrace. Crypto 
Market Has Seen Liquidations Of More Than $462 Million According to data from 
CoinGlass, a notable amount of liquidations have occurred in the crypto 
derivatives market over the past day. &#8220;Liquidation&#8221; refers to the forceful 
closure that any open contract undergoes after it has amassed losses of a 
certain percentage specified by the platform. Related Reading: CryptoQuant CEO 
Expects Boring Bitcoin Action, Not Major Crash A mass amount of simultaneous 
liquidations can occur when the asset&#8217;s price observes a sharp price swing, 
not allowing investors the time to close their positions. The risk of this 
happening can increase depending on how much leverage traders are opting for. 
The trigger for the derivatives flush in the past day has been a downward move 
across tokens in the digital asset sector, which took Bitcoin to a low under 
$89,600. Below is a table that shows the numbers involved in this liquidation 
event. In total, the crypto market has witnessed over $462 million in 
liquidations during the last 24 hours, with longs dominating most of the 
flush. More specifically, bullish bets made up for $418 million of the 
positions involved, representing more than 90% of the total. The large amount 
of liquidations could indicate that the recovery in Bitcoin above $94,000 
lured traders into opening fresh longs, which then ended up getting caught out 
by the price plunge. In terms of the symbols, the largest contributor to the 
liquidation event has been BTC with $132 million in positions involved, while 
Ethereum hasn&#8217;t been too far behind with a flush of $116 million. 
Interestingly, while the top two have been predictable, the third place hasn&#8217;t 
been occupied by the usual suspects this time. As the above heatmap displays, 
contracts related to Zcash (ZEC) have been caught up in liquidations of $24 
million. The asset managing higher liquidations than the likes of XRP and 
Solana could be down to the fact that it has seen a notably sharper drop over 
the last 24 hours. Related Reading: Bitcoin Bounce A Bull Trap? Analyst Sees 
2022-Style Bear Flag The latest liquidation squeeze has come as the futures 
market has been witnessing a re-expansion of Open Interest, as highlighted by 
Glassnode in its latest weekly report. The bearish price action between 
October and November had caused a massive amount of liquidations and forced 
traders to pull back on risk, resulting in the Open Interest taking a 
significant hit. Recently, the metric has seen a turnaround, implying 
investors have gradually been building up positions again. BTC Price At the 
time of writing, Bitcoin is trading around $89,500, down 2% over the past day. 
Featured image from Dall-E, Glassnode.com, chart from TradingView.com

$460M Crypto Longs Squeezed As Bitcoin Slips Below $90,000

Optimism is proposing a structural change that ties its token directly to 
network activity and Superchain revenue. Optimism is moving towards a model 
that would see OP transition from a purely governance token. In a Jan. 8 blog 
post, the…

Cryptocurrency price in VEF