Cardano’s founding entity Emurgo invested over $200M.
Cardano development lab Emurgo will invest over $200 million to support the ecosystem’s growth over the next three years, founder Ken Kodama said at the sidelines of the ongoing Token 2049 conference.
Crypto Price Check: Bank of England Action Could Affect Bitcoin: Analyst
Bank of England’s move to carry out emergency purchases of U.K. government bonds ‘could have interesting outcomes for bitcoin,’ an analyst says.
Tyler Hobbs’ QQL NFT project raises nearly $17M.
QQL, a collaborative generative art experiment, raised nearly $17 million in a successful mint and continued to climb in trading. The unique NFT project is a collaboration between visual artist Tyler Hobbs and Dandelion Wist, co-founder of the generative art platform Archipelago.
BTC/USD rose 0.4% in the last session.
The Bitcoin-Dollar pair gained 0.4% in the last session after rising as much as 1.1% during the session. The MACD is giving a positive signal. Support is at 17944.3333 and resistance is at 20520.3333.
The MACD is currently in the positive zone.
ETH/USD remained largely unchanged in the last session.
The Ethereum-Dollar price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal. Support is at 1224.4033 and resistance is at 1411.1233.
The Stochastic indicator is currently in positive territory.
XRP/USD exploded 7.3% in the last session.
The Ripple-Dollar pair exploded 7.3% in the last session. The Stochastic-RSI is giving a negative signal, going against our overall technical analysis. Support is at 0.403 and resistance is at 0.4784.
The Stochastic-RSI is currently in the negative zone.
LTC/USD skyrocketed 1.1% in the last session.
The Litecoin-Dollar pair skyrocketed 1.1% in the last session. The CCI is giving a positive signal. Support is at 50.0333 and resistance is at 55.4133.
The CCI is currently in positive territory.
Daily Economic Calendar:
JP Annualized Housing Starts
The Annualized Housing Starts captures how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. Japan’s Annualized Housing Starts will be released at 05:00 GMT, the UK’s Gross Domestic Product at 06:00 GMT, and Germany’s Unemployment Change at 07:55 GMT.
UK Gross Domestic Product
The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health.
DE Unemployment Change
The Unemployment Change measures the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.
JP Construction Orders
The Construction Orders released by the Ministry of Land, Infrastructure, Transport and Tourism show the number of orders received by construction companies. Japan’s Construction Orders will be released at 05:00 GMT, the UK’s Current Account at 06:00 GMT, and the US Personal Income at 12:30 GMT.
UK Current Account
The Current Account measures the net flow of current transactions, including goods, services, and interest payments into and out of the local economy.
US Personal Income
Personal Income measures the total income received by individuals, from all sources, including wages and salaries, interest, dividends, rent, workers’ compensation, proprietors’ earnings, and transfer payments.
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.
