Binance CEO Zhao pushes for crypto self-custody
The CEO of leading cryptocurrency exchange Binance, Changpeng “CZ” Zhao, called on members of the crypto community to take personal control of their digital assets using Trust Wallet, sending the app’s native token, TWT, to a record high.
Exchange outflows hit historic highs.
Bitcoin investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week.
Crypto exchange AAX suspends withdrawals.
Crypto exchange AAX said it had suspended activity, citing a scheduled upgrade that had been delayed by turbulent markets. The failure of a third-party partner means services will be delayed for as long as 10 days, the Hong Kong-based company said.
BTC/USD gained 0.5% in the last session.
The Bitcoin-Dollar pair gained 0.5% in the last session after rising as much as 5.1% during the session. The Stochastic indicator is giving a negative signal. Support is at 15820.3333 and resistance is at 17218.3333.
The Stochastic indicator is currently in negative territory.
ETH/USD saw a minor rise of 0.2% in the last session.
The Ethereum-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The ROC’s positive signal contradicts our overall technical analysis. Support is at 1165.131 and resistance is at 1302.371.
The ROC is currently in positive territory.
XRP/USD skyrocketed 9.0% in the last session.
The Ripple-Dollar pair exploded 9.0% in the last session. The CCI is giving a positive signal. Support is at 0.3114 and resistance is at 0.3841.
The CCI is currently in the positive zone.
LTC/USD plummeted 3.2% in the last session.
The Litecoin-Dollar pair dove 3.2% in the last session. The CCI’s negative signal is in line with the overall technical analysis. Support is at 54.221 and resistance is at 61.861.
The CCI is currently in the negative zone.
Daily Economic Calendar:
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 13:55 GMT, Japan’s Industrial Production at 04:30 GMT, the US Producer Price Index at 13:30 GMT.
JP Industrial Production
Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of industrial production.
US Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.
DE ZEW Survey – Current Situation
The ZEW Survey – Current Situation measures the current institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic. Germany’s ZEW Survey – Current Situation will be released at 10:00 GMT, the Eurozone’s ZEW Survey – Economic Sentiment at 10:00 GMT, and Japan’s Capacity Utilization at 04:30 GMT.
EMU ZEW Survey – Economic Sentiment
The ZEW Survey – Economic Sentiment measures institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic.
JP Capacity Utilization
The Capacity Utilization is the percentage of production capacity which is actually used over a short time period. It is indicative of overall growth and demand.
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.
