Elizabeth Warren presses Texas on crypto miners’ energy use.
Elizabeth Warren and six other Democratic senators are pressing Texas’ energy regulator on whether the crypto mining industry is putting additional strain on the state’s grid and its impact on climate change.
Ripple Price Prediction: Only one hurdle stands between XRP and $0.90
XRP price continues to remain strong relative to other altcoins despite the recent downturn. Regardless, the crypto markets seem to be shifting their bias to favoring bulls, so investors can expect Ripple to continue its ascent.
Crypto prices are higher ahead of key inflation data.
Cryptocurrencies were slightly higher after investors shrugged off a higher-than-expected inflation report in anticipation of another key inflation indicator coming out this week.
BTC/USD skyrocketed 1.2% in the last session.
The Bitcoin-Dollar pair skyrocketed 1.2% in the last session. The Williams indicator gives a positive signal. Support is at 18932.6667 and resistance is at 19344.6667.
The Williams indicator is currently in positive territory.
ETH/USD traded sideways in the last session.
The Ethereum-Dollar price remained largely unchanged in the last session. The CCI indicates an oversold market. Support is at 1262.2433 and resistance is at 1321.6633.
The CCI is signalling an oversold market.
XRP/USD remained largely unchanged in the last session.
The Ripple-Dollar price remained largely unchanged in the last session. The MACD is giving a negative signal. Support is at 0.4751 and resistance is at 0.5023.
The MACD is giving a negative signal.
LTC/USD dove 1.2% in the last session.
The Litecoin-Dollar pair plummeted 1.2% in the last session. The RSI is giving a negative signal. Support is at 51.0367 and resistance is at 53.5367.
The RSI is currently in negative territory.
Daily Economic Calendar:
US Retail Sales
Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The US Retail Sales will be released at 12:30 GMT, the US Michigan Consumer Sentiment Index at 14:00 GMT, and Finland’s Gross Domestic Product at 05:00 GMT.
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.
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 a broad measure of economic activity and health.
FI Consumer Price Index
The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Finland’s Consumer Price Index will be released at 05:00 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT, the UK’s CFTC GBP NC Net Positions at 19:30 GMT.
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.
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.
