EU financial services chief calls on US to create new crypto rules.
The EU’s financial services chief has urged US politicians to draw up sweeping new rules to govern the crypto industry, warning digital assets could pose a threat to financial stability if left to grow unchecked.
Peter Schiff expects Bitcoin to lead the next leg down
The Economist and Bitcoin skeptic Peter Schiff has slammed the largest cryptocurrency for showing less price momentum than other risk assets. Schiff mentioned that other risk assets are currently enjoying a relief rally in market prices.
Coinbase threatens to sue crypto traders.
Coinbase, the world’s second-largest cryptocurrency trading platform by volume, is hinting it may sue about 1,000 users in the republic of Georgia for taking advantage of a pricing glitch. Users exploited the “arbitrage opportunity” when the lari, the local currency, was priced at $290 rather than $2.90 for about six hours on Coinbase.
BTC/USD plummeted 1.0% in the last session.
The Bitcoin-Dollar pair plummeted 1.0% in the last session. The MACD is giving a positive signal. Support is at 18953.3333 and resistance is at 19983.3333.
The MACD is currently in positive territory.
ETH/USD dove 1.6% in the last session.
The Ethereum-Dollar pair dove 1.6% in the last session. The MACD is giving a positive signal. Support is at 1280.121 and resistance is at 1364.021.
The MACD is giving a positive signal.
XRP/USD plummeted 2.9% in the last session.
The Ripple-Dollar pair plummeted 2.9% in the last session. The RSI is giving a negative signal. Support is at 0.4553 and resistance is at 0.4947.
The RSI is currently in the negative zone.
LTC/USD dropped 0.4% in the last session.
The Litecoin dropped 0.4% against the Dollar in the last session. The Stochastic indicator gives a positive signal. Support is at 50.6133 and resistance is at 52.7333.
The Stochastic indicator gives a positive signal.
Daily Economic Calendar:
AT HICP
The HICP measures price movements or inflation harmonized across the EU Member States. It is similar to the national Consumer Price Indices (CPI). The Austrian HICP will be released at 07:00 GMT, the Eurozone’s Construction Output at 09:00 GMT, and Japan’s Imports at 23:50 GMT.
EMU Construction Output
The Construction Output report captures the construction industry’s output, in both the private and public sectors.
JP Imports
Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents.
US Housing Starts
The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. The US Housing Starts will be released at 12:30 GMT, the US Fed’s Beige Book at 18:00 GMT, the UK’s Consumer Price Index at 06:00 GMT.
US Fed’s Beige Book
The Beige Book reports on the current economic situation using interviews with key business contacts, economists, market experts, and other sources.
UK 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.
