FTX builds $1 billion war chest to buy up distressed crypto.
CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets.
Binance CEO Says Bear Market Is ‘Healthy’ for Crypto
Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that’s not stopping his belief that the bear market is healthy.
CEOs of major banks won’t financially back crypto mining.
The chief executive officers of the biggest banks in the US will not financially back crypto mining activities. CEOs from Bank of America, Wells Fargo & Company and Citigroup were present during a congressional hearing, where Rep. Brad Sherman questioned the three executives if they would finance crypto mining activities.
BTC/USD exploded 4.3% in the last session.
The Bitcoin-Dollar pair skyrocketed 4.3% in the last session. The ROC is giving a positive signal. Support is at 17185.5117 and resistance is at 20533.5117.
The ROC is currently in positive territory.
ETH/USD exploded 6.4% in the last session.
The Ethereum-Dollar pair exploded 6.4% in the last session. The Williams indicator indicates an oversold market. Support is at 1120.1867 and resistance is at 1452.1667.
The Williams indicator points to an oversold market.
XRP/USD exploded 23.7% in the last session.
The Ripple-Dollar pair skyrocketed 23.7% in the last session. The MACD is giving a positive signal. Support is at 0.3536 and resistance is at 0.4523.
The MACD is giving a positive signal.
LTC/USD exploded 4.1% in the last session.
The Litecoin-Dollar pair gained 4.1% in the last session after rising as much as 5.8% during the session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 47.081 and resistance is at 57.521.
The RSI is currently in negative territory.
Daily Economic Calendar:
US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Dutch Gross Domestic Product at 04:30 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT.
NL 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.
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.
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, Canadas’s Retail Sales at 12:30 GMT, Singapore’s Consumer Price Index at 05:00 GMT.
CA Retail Sales
The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
SG Consumer Price Index
The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.
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.
