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The Ethereum merge is done
The massive overhaul of Ethereum known as the Merge has finally happened, moving the digital machinery at the core of the second-largest cryptocurrency to a vastly more energy-efficient system after years of development and delay.
Treasury Sanctions Pro-Russia Groups Raising Funds With Crypto
In response to the ongoing Russian invasion of Ukraine, the U.S. Treasury Department today announced the addition of 22 individuals and two entities tied to the Russian government to the Office of Foreign Assets Control (OFAC) sanctions list.
Cryptocurrency lobby group seeks to weigh in on SEC vs Ripple’s XRP lawsuit
Cryptocurrency advocacy group Chamber of Digital Commerce has sought to be an amicus curiae ( friend of court) in the lawsuit between the Securities and Exchange Commission and Ripple Labs.
BTC/USD plummeted 1.8% in the last session.
The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Stochastic indicator gives a positive signal against our overall technical analysis. Support is at 192591 and resistance is at 209971.
The Stochastic indicator is currently in the positive zone.
ETH/USD plummeted 7.9% in the last session.
The Ethereum-Dollar pair plummeted 7.9% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 1524.4967 and resistance is at 1702.7567.
The Ultimate Oscillator is giving a negative signal.
XRP/USD plummeted 3.3% in the last session.
The Ripple-Dollar pair plummeted 3.3% in the last session. The ROC’s negative signal is in line with the overall technical analysis. Support is at 0.326 and resistance is at 0.3519.
The ROC is currently in the negative zone.
LTC/USD plummeted 5.2% in the last session.
The Litecoin-Dollar pair dove 5.2% in the last session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 57.061 and resistance is at 62.661.
The RSI is currently in negative territory.
Daily Economic Calendar:
UK Retail Sales
The Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The UK’s Retail Sales will be released at 06:00 GMT, the Austrian HICP at 07:00 GMT, and the US Michigan Consumer Sentiment Index at 14:00 GMT.
AT HICP
The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).
US Michigan Consumer Sentiment Index
The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending.
US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT, Italy’s Trade Balance EU at 08:00 GMT.
JP CFTC JPY NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.
IT Trade Balance EU
The Trade Balance measures the net of total exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.
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.
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