After Ethereum Merge, GPU prices may stabilize.
After the conclusion of the Ethereum upgrade, the value of numerous sought-after GPUs has dropped quite drastically. For example, reports indicate that the value of Nvidia’s highly popular RTX 3080 has dipped from $1100 to approximately $700 over the last three-month stretch.
Crypto giant Coinbase gets Singapore license.
Coinbase, the largest crypto exchange in the United States, said it had received approval from Singapore’s central bank to offer payment services in the city-state.
The fight to cut off the crypto funding Russia’s invasion of Ukraine.
Since Russia launched its full-blown invasion of Ukraine in February, at least $4 million worth of cryptocurrency has been collected by groups supporting Russia’s military in Ukraine. According to analyses by cryptocurrency-tracing firms, recipients include paramilitary groups offering ammunition and equipment, military contractors, and weapons manufacturers.
The last session saw BTC fall 0.9% against USD.
The Bitcoin-Dollar pair dropped 0.9% in the last session. The ROC is giving a negative signal, which matches our overall technical analysis. Support is at 19215.2307 and resistance is at 19665.9687.
The ROC is giving a negative signal.
ETH/USD plummeted 1.1% in the last session.
The Ethereum-Dollar pair dove 1.1% in the last session. The Stochastic indicator is giving a negative signal. Support is at 1299.6867 and resistance is at 1340.4067.
The Stochastic indicator is currently in the negative zone.
XRP/USD plummeted 2.5% in the last session.
The Ripple-Dollar pair plummeted 2.5% in the last session. The Stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 0.4876 and resistance is at 0.569.
The Stochastic indicator is currently in positive territory.
LTC/USD plummeted 1.3% in the last session.
The Litecoin-Dollar pair plummeted 1.3% in the last session. The CCI is giving a negative signal, which matches our overall technical analysis. Support is at 52.2567 and resistance is at 54.8167.
The CCI is currently in negative territory.
Daily Economic Calendar:
IT Industrial Output
The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. Italy’s Industrial Output will be released at 08:00 GMT, the US NFIB Business Optimism Index at 10:00 GMT, and Japan’s Eco Watchers Survey: Outlook at 05:00 GMT.
US NFIB Business Optimism Index
The NFIB Business Optimism Index results from Small Business Economic Trends data collected from quarterly surveys since 1974 and monthly surveys since 1986.
JP Eco Watchers Survey: Outlook
The Eco Watchers Survey closely monitors regional economic trends. The survey is considered as basic material for assessing short-term economic trends.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, the UK’s ILO Unemployment Rate at 06:00 GMT, the UK’s Claimant Count Change at 06:00 GMT.
UK ILO Unemployment Rate
The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force.
UK Claimant Count Change
The Claimant Count Change presents the change in the number of unemployed people in the UK.
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.
