Bitfinex To Offer ETH Split Tokens, Crypto Daily TV 24/08/2022

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In Todays Headline TV CryptoDaily News:

Bitfinex offers new chain split tokens ahead of Ethereum Merge.

iFinex, the company responsible for Bitfinex Derivatives, announced the launch of a new service offering available to users before the highly-anticipated Ethereum Merge. The exchange now offers Ethereum Chain Split Tokens.

Bitcoin, Ether gain with most of crypto top 10.

Bitcoin gained along with most other top 10 tokens by market capitalization in trading in Asia, though Ether was the pace leader with the larger climb.

Coinbase CEO says crypto exchange has ongoing plans to cut costs.

Coinbase is taking a close look at where it can cut costs as industry and economic challenges continue, CEO Brian Armstrong said. Coinbase shares have lost more than 70% of their value this year as the company has grappled with a “crypto winter” tied to the plummeting of bitcoin and ethereum.

BTC/USD gained 0.3% in the last session.

The Bitcoin-Dollar pair rose 0.3% in the last session after gaining as much as 1.2% during the session. The Ultimate Oscillator’s positive signal contradicts our overall technical analysis. Support is at 20660.3333 and resistance at 21894.3333.

The Ultimate Oscillator is giving a positive signal.

ETH/USD exploded 1.2% in the last session.

The Ethereum-Dollar pair skyrocketed 1.2% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1500.051 and resistance at 1690.511.

The Ultimate Oscillator is currently in the positive zone.

XRP/USD saw a minor rise of 0.1% in the last session.

The Ripple-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The Stochastic indicator is giving a negative signal. Support is at 0.3266 and resistance at 0.3539.

The Stochastic indicator is currently in the negative zone.

The last session saw LTC fall 0.4% against USD.

The Litecoin-Dollar pair fell 0.4% in the last session. The CCI is giving a positive signal, going against our overall technical analysis. Support is at 50.5733 and resistance at 60.7333.

The CCI is currently in positive territory.

Daily Economic Calendar:

US Durable Goods Orders

The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods which should last three years or more, excluding the transport sector. The US Durable Goods Orders will be released at 12:30 GMT, the US Nondefense Capital Goods Orders at 12:30 GMT, Finland’s Producer Price Index at 05:00 GMT.

US Nondefense Capital Goods Orders

The Nondefense Capital Goods Orders measures the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services.

FI Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing.

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. Germany’s 10-y Bond Auction will be released at 09:30 GMT, Japan’s Foreign Bond Investment at 23:50 GMT, Japan’s Foreign Investment in Japan Stocks at 23:50 GMT.

JP Foreign Bond Investment

The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

JP Foreign Investment in Japanese Stocks

Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

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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