El Salvador Bank refuses to disclose bitcoin-related data.
El Salvador became the first country in the world to declare Bitcoin legal tender. However, a public watchdog group in El Salvador, the Anti-Corruption Legal Advisory Center, has condemned the lack of transparency around Bitcoin accounting.
Coinbase joins crypto supporters siding with Ripple in SEC case
Cryptocurrency exchange Coinbase Inc voiced support for Ripple in the blockchain company’s legal battle with the U.S. Securities and Exchange Commission, joining a growing number of cryptocurrency proponents filing briefs in the case.
Arco Protocol goes dark.
Arco Protocol, a cross-chain decentralized finance platform on the newly launched Aptos blockchain, has gone offline following a botched fund raise.
BTC/USD made a minor downward correction of 0.2%.
The Bitcoin-Dollar pair made a minor downward correction in the last session, dropping 0.2%. The Stochastic indicator gives a positive signal. Support is at 199651 and resistance is at 211151.
The Stochastic indicator is giving a positive signal.
ETH/USD remained largely unchanged in the last session.
The Ethereum-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal. Support is at 1502.4867 and resistance is at 1669.2867.
The Stochastic indicator is currently in positive territory.
The Ripple-Dollar pair gained a moderate 0.2% in the last session.
The Ripple-Dollar pair made a minor upwards correction in the last session, rising 0.2%. The CCI is giving a positive signal. Support is at 0.4408 and resistance is at 0.4791.
The CCI is currently in positive territory.
LTC/USD remained largely unchanged in the last session.
The Litecoin-Dollar price remained largely unchanged in the last session. The MACD is giving a positive signal. Support is at 52.841 and resistance is at 57.51.
The MACD is giving a positive signal.
Daily Economic Calendar:
US ADP Employment Change
The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 12:15 GMT, the US Fed Interest Rate Decision at 18:00 GMT, and the US Fed’s Monetary Policy Statement at 18:00 GMT.
US Fed Interest Rate Decision
The Fed Interest Rate Decision is announced by the Federal Reserve. The interest rates are a key mechanism through which the central bank influences inflation.
US Fed’s Monetary Policy Statement
Following the Fed’s rate decision, the FOMC released a statement regarding its monetary policy.
DE Trade Balance
The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Germany’s Trade Balance will be released at 07:00 GMT, Germany’s Unemployment Change at 08:55 GMT, and Germany’s 10-y Bond Auction at 10:30 GMT.
DE Unemployment Change
The Unemployment Change measures the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.
DE 10-y Bond Auction
The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors’ outlook on future interest rates.
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.
