Visa files trademark applications for crypto wallets, NFTs and Metaverse.
Payments giant Visa filed two trademark applications to the United States Patent and Trademark Office related to digital wallets, non-fungible tokens, and the metaverse. The move follows that of other large corporations and payment companies, including American Express.
Dustin Trammell On Bitcoin
Trammell was one of the first to recognize Bitcoin’s potential and offers unique perspective for Bitcoiners celebrating White Paper Day 2022.
Wealthy millennials pouring cash into crypto.
The price of bitcoin has dropped 48% in the last six months. But according to Bank of America’s 2022 Private Bank Study of Wealthy Americans, wealthy millennials are still pouring cash into crypto. Stories of people losing their life’s savings when the crypto market crashed earlier this year in May didn’t scare people ages 21 to 42.
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 20329.6667 and resistance is at 21325.6667.
The MACD is currently in positive territory.
ETH/USD plummeted 2.2% in the last session.
The Ethereum-Dollar pair fell 2.2% in the last session after gaining as much as 1.1% during the session. According to the Williams indicator, we are in an overbought market.
Support is at 1498.2967 and resistance is at 1720.6567.
The Williams indicator is signalling an overbought market.
XRP/USD plummeted 2.3% in the last session.
The Ripple-Dollar pair dove 2.3% in the last session. The MACD is giving a negative signal. Support is at 0.4561 and resistance is at 0.4906.
The MACD is currently in the negative zone.
LTC/USD dove 2.3% in the last session.
The Litecoin-Dollar pair fell 2.3% in the last session after gaining as much as 1.5%. The CCI is giving a negative signal. Support is at 53.4867 and resistance is at 59.0467.
The CCI is currently in negative territory.
Daily Economic Calendar:
JP Construction Orders
The Construction Orders released by the Ministry of Land, Infrastructure, Transport and Tourism shows the number of orders received by construction companies. Japan’s Construction Orders will be released at 05:00 GMT, Italy’s Gross Domestic Product at 09:00 GMT, and Japan’s Annualized Housing Starts at 05:00 GMT.
IT Gross Domestic Product
The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.
JP Annualized Housing Starts
The Annualized Housing Starts captures how many new single-family homes or buildings were constructed on an annualized basis. It is a key indicator of the housing market.
AU Retail Sales
The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Australia’s Retail Sales will be released at 00:30 GMT, the US Chicago Purchasing Managers’ Index at 13:45 GMT, the Eurozone’s HICP at 10:00 GMT.
US Chicago PMI
The Chicago Purchasing Managers Index released by ISM-Chicago captures the business conditions across Illinois, Indiana and Michigan.
EMU HICP
The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).
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.
