The post Filecoin (FIL) Jumps More Than 4% After Retaking $1.60 Resistance Level appeared on BitcoinEthereumNews.com. FIL$1.6432 surged over 4% to $1.65 on Tuesday early afternoon, breaking above a key $1.60 psychological resistance, according to CoinDesk Research’s technical analysis model. The model showed institutional accumulation with two major spikes above 140% of average volume. The storage token broke decisively through $1.60 resistance after weeks of consolidation, according to the model. Price action demonstrated textbook institutional buying patterns with higher lows at $1.52 and $1.55 confirming the uptrend structure. In recent trading FIL was 4.4% higher over 24 hours, around $1.65. The wider crypto market also rose, with the CoinDesk 20 index up over 3%. Technical Analysis: Primary support locked at $1.52 with $1.60 resistance decisively breached; next target $1.65 psychological level Exceptional spikes at 140% and 162% above average confirmed institutional accumulation during key breakout phases Clean breakout from consolidation with higher lows establishing clear uptrend structure above $1.60 Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/10/21/filecoin-jumps-more-than-4-after-retaking-usd1-60-resistance-levelThe post Filecoin (FIL) Jumps More Than 4% After Retaking $1.60 Resistance Level appeared on BitcoinEthereumNews.com. FIL$1.6432 surged over 4% to $1.65 on Tuesday early afternoon, breaking above a key $1.60 psychological resistance, according to CoinDesk Research’s technical analysis model. The model showed institutional accumulation with two major spikes above 140% of average volume. The storage token broke decisively through $1.60 resistance after weeks of consolidation, according to the model. Price action demonstrated textbook institutional buying patterns with higher lows at $1.52 and $1.55 confirming the uptrend structure. In recent trading FIL was 4.4% higher over 24 hours, around $1.65. The wider crypto market also rose, with the CoinDesk 20 index up over 3%. Technical Analysis: Primary support locked at $1.52 with $1.60 resistance decisively breached; next target $1.65 psychological level Exceptional spikes at 140% and 162% above average confirmed institutional accumulation during key breakout phases Clean breakout from consolidation with higher lows establishing clear uptrend structure above $1.60 Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/10/21/filecoin-jumps-more-than-4-after-retaking-usd1-60-resistance-level

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more