Paused until further notice.
Celsius Network filed for bankruptcy protection after a crypto crash that decimated the value of digital currencies, including bitcoin and ethereum. The company said most accounts will continue to be “paused until further notice.”
Huge drop.
Bitcoin’s cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen as a negative for pricing, according to JPMorgan Chase & Co.
Early success.
U.S. video game retailer GameStop launched its own NFT marketplace, pledging to return “power to the players” through low transaction fees. Surprisingly, GameStop’s NFT marketplace is already boasting some success – it has almost double the all-time trading volume of rival Coinbase’s digital marketplace.
BTC/USD skyrocketed 2.1% in the last session.
The Bitcoin-Dollar pair rose 2.1% in the last session after gaining as much as 2.5% during the session. The ROC is giving a positive signal. Support is at 18462.6773 and resistance at 21174.3373
The ROC is currently in the positive zone.
ETH/USD skyrocketed 7.2% in the last session.
The Ethereum-Dollar pair exploded 7.2% in the last session. The MACD is giving a positive signal. Support is at 977.911 and resistance at 1185.251.
The MACD is currently in the positive zone.
XRP/USD skyrocketed 1.4% in the last session.
The Ripple-Dollar pair skyrocketed 1.4% in the last session. The Stochastic indicator gives a negative signal. Support is at 0.2947 and resistance at 0.3403.
The Stochastic indicator is currently in negative territory.
LTC/USD skyrocketed 3.6% in the last session.
The Litecoin-Dollar pair exploded 3.6% in the last session. The ROC is giving a positive signal. Support is at 45.51 and resitsance at 51.71.
The ROC is currently in positive territory.
Daily Economic Calendar:
US Michigan Consumer Sentiment Index
The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 14:00 GMT, the Eurozone’s Trade Balance at 09:00 GMT, and Finland’s Gross Domestic Product at 05:00 GMT.
EMU Trade Balance
The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.
FI Gross Domestic Product
The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.
UK CFTC GBP NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK’s CFTC GBP NC Net Positions will be released at 19:30 GMT, the US Retail Sales at 12:30 GMT, and Japan’s CFTC JPY NC Net Positions at 19:30 GMT.
US Retail Sales
Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
JP CFTC JPY NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
