Ripple builds new partnerships in Europe.
Cryptocurrency payments company Ripple Labs has formed new partnerships in France and Sweden, continuing its march into Europe despite the current wintry freeze enveloping much of the crypto industry.
Google teams up with Coinbase
Google has teamed up with Coinbase exchange and will allow select customers to pay via crypto starting 2023 for its cloud services. Over time, Google will allow more customers to make crypto payments, the report said.
Crypto investment firm Blockwater Technologies defaults on DeFi loan.
The South Korea-based crypto investment firm Blockwater Technologies failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol. Blockwater’s default seems to be the latest example of the crypto industry’s insolvency crisis.
BTC/USD fell 0.5% in the last session.
The Bitcoin-Dollar pair dropped 0.5% in the last session. The Stochastic indicator is giving a negative signal. Support is at 18766.0273 and resistance is at 19707.9453.
The Stochastic indicator is currently in the negative zone.
The last session saw ETH fall 0.5% against USD.
The last session saw the Ethereum fall 0.5% against the Dollar. The Stochastic-RSI is giving a negative signal. Support is at 1256.5033 and resistance is at 1354.3233.
The Stochastic-RSI is currently in negative territory.
The last session saw XRP drop 0.7% against USD.
The Ripple dropped 0.7% against the Dollar in the last session. The Stochastic-RSI indicates an oversold market. Support is at 0.4641 and resistance is at 0.5527.
The Stochastic-RSI is signaling an oversold market.
LTC/USD dove 1.1% in the last session.
The Litecoin-Dollar pair dove 1.1% in the last session. The Stochastic indicator is giving a negative signal, which matches our overall technical analysis. Support is at 51.2333 and resistance is at 55.1333.
The Stochastic indicator is currently in the negative zone.
Daily Economic Calendar:
DE 10-y Bond Auction
The auction sets the average yield on the bonds auctioned off. Bond market investors set yields, which can be used to estimate investors’ outlook on future interest rates. Germany’s 10-y Bond Auction will be released at 09:30 GMT, the US MBA Mortgage Applications at 11:00 GMT, and Japan’s Producer Price Index at 23:50 GMT.
US MBA Mortgage Applications
The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered a leading indicator of the U.S Housing Market.
JP Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.
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. The UK’s Gross Domestic Product will be released at 06:00 GMT, the US Producer Price Index at 12:30 GMT, and the Eurozone’s Industrial Production at 09:00 GMT.
US Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.
EMU Industrial Production
Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of industrial production.
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.
