In Todays Headline TV CryptoDaily News:
SEC slapdown is a wake-up call to congress
In a highly anticipated ruling in the ongoing SEC v. Ripple case, Sarah Netburn denied the SEC’s motion citing attorney-client and deliberate process privileges. The judge slammed the agency for hiding documents that could answer questions in front of the court.
Sweden prefers steel over Bitcoin miners as power gets scarce.
Sweden has a choice to make: Provide electricity for job-creating projects such as steel plants or devote more capacity to the Bitcoin miners that are gobbling up growing amounts of power. Energy Minister Khashayar Farmanbar says it’s no contest.
Blockchain start-up 5ire raises $100 million.
5ire has raised $100 million at a valuation of $1.5 billion in a Series A round of funding from UK-based conglomerate SRAM & MRAM Group, becoming India’s 105th unicorn and 20th in this calendar year.
BTC/USD dove 1.2% in the last session
The Bitcoin-Dollar pair dropped 1.2% in the last session after rising as much as 2.0% during the session. The RSI is giving a positive signal. Support is at 199841 and resistance at 222101.
The RSI is currently in the positive zone.
ETH/USD plummeted 1.6% in the last session.
The Ethereum-Dollar pair dropped 1.6% in the last session after rising as much as 2.1% during the session. The ROC is giving a negative signal. Support is at 1108.4033 and resistance at 1523.3433.
The ROC is currently in the negative zone.
XRP/USD dove 1.1% in the last session.
The Ripple-Dollar pair dropped 1.1% in the last session after rising as much as 3.0% during the session. According to the CCI, we are in an overbought market. Support is at 0.3212 and resistance at 0.3707.
The CCI is signaling an overbought market.
LTC/USD corrected downwards by 0.1% in the last session.
The Litecoin-Dollar pair saw a minor dip of 0.1% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 49.5633 and resistance at 58.2233.
The Stochastic-RSI points to an overbought market.
Daily Economic Calendar:
US NAHB Housing Market Index
The NAHB Housing Market Index presents home sales and expected buildings in the future, indicating housing market trends. The US NAHB Housing Market Index will be released at 14:00 GMT, the US 3-Month Bill Auction at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT.
US 3-Month Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
US 6-Month Bill Auction
The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.
US Total Net TIC Flows
The Total Net Treasury International Capital (TIC) Flows show in and out flows of financial resources. The US Total Net TIC Flows will be released at 20:00 GMT, Italy’s Trade Balance EU at 08:00 GMT, and the UK’s Rightmove House Price Index at 23:01 GMT.
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.
UK Rightmove House Price Index
The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market.
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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