Dogecoin has a record weekend.
Dogecoin trading over the weekend saw the shiba inu-themed memecoin reach a market capitalization of over $10 billion, add over 90% in value over the past week and become one of the largest liquidators among futures that track crypto majors.
Coinbase files amicus brief in fight against SEC.
Cryptocurrency exchange Coinbase has asked permission to give advice and information to Ripple Labs to assist with its ongoing legal battle with the Securities and Exchange Commission.
Surging popularity of Ethereum staking keeps lid on yields.
Ethereum staking appears to be the new favorite way for crypto traders to capture yield – so popular, in fact, that it’s driving the yields lower. According to Coinbase Institutional, the staking yield post-Merge looks to be about 4%- 5%, well below the 9%-12% that the analysts initially forecasted.
BTC/USD dove 1.0% in the last session.
The Bitcoin-Dollar pair dove 1.0% in the last session. The RSI is giving a positive signal. Support is at 20296.3333 and resistance is at 21124.3333.
The RSI is currently in the positive zone.
ETH/USD dove 2.2% in the last session.
The Ethereum-Dollar pair plummeted 2.2% in the last session. The MACD is giving a positive signal. Support is at 1540.8633 and resistance is at 1663.2033.
The MACD is currently in positive territory.
XRP fell 0.5% against USD in the last session.
The Ripple-Dollar pair dropped 0.5% in the last session after rising as much as 1.0% during the session. The Ultimate Oscillator is giving a negative signal. Support is at 0.4429 and resistance is at 0.4808.
The Ultimate Oscillator is currently in negative territory.
LTC/USD fell 0.9% in the last session.
Litecoin dropped 0.9% against the Dollar in the last session. The Stochastic-RSI is giving a negative signal. Support is at 53.111 and resistance is at 58.591.
The Stochastic-RSI is giving a negative signal.
Daily Economic Calendar:
DE Import Price Index
The Import Price Index measures changes in the prices of imported products. High prices for imports carry inflationary pressure. Germany’s Import Price Index will be released at 07:00 GMT, the Dutch Markit Manufacturing PMI at 08:00 GMT, and Japan’s BoJ Monetary Policy Meeting Minutes at 23:50 GMT.
NL Markit Manufacturing PMI
The Manufacturing Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector.
JP BoJ Monetary Policy Meeting Minutes
The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. Japan’s Jibun Bank Manufacturing PMI will be released at 00:30 GMT, the US ISM Manufacturing Employment Index at 14:00 GMT, Australia’s RBA Rate Statement at 03:30 GMT.
US ISM Manufacturing Employment Index
The ISM Manufacturing Employment Index estimates the labour market in the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries.
AU RBA Rate Statement
Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting.
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.
