Celsius To Run Out Of Money By October, Crypto Daily…

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Court filings reveal Celsius will run out of money by October.

Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 million.

Bitcoin miner PrimeBlock ditches SPAC listing plan.

Bitcoin miner Prime Blockchain Inc., also known as PrimeBlock, has dropped its public listing plan via a blank-check company merger valued at US$1.25 billion, joining a number of crypto firms that have delayed or canceled similar listing plans.

Revolut wins Cyprus SEC’s approval.

Revolut aims to form a new European crypto-asset hub so that it can feasibly provide crypto services to its 17 million customers in Europe.

BTC dropped 0.3% against USD in the last session.

The Bitcoin fell 0.3% against the Dollar in the last trading session. The CCI is giving a negative signal. Support is at 22930.6667 and resistance at 25784.6667.

The CCI is currently in negative territory.

ETH/USD saw a minor dip of 0.1% in the last session.

The Ethereum-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. The MACD is giving a positive signal. Support is at 1789.991 and resistance at 2067.191.

The MACD is currently in the positive zone.

The Ripple-Dollar pair gained a moderate 0.2% in the last session.

The Ripple-Dollar pair saw a minor rise of 0.2% in the last session. The MACD is giving a negative signal. Support is at 0.3563 and resistance at 0.3946.

The MACD is currently in the negative zone.

LTC/USD exploded 1.4% in the last session.

The Litecoin-Dollar pair exploded 1.4% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 56.2633 and resistance at 67.5233.

The Stochastic-RSI is giving a negative signal.

Daily Economic Calendar:

NL Consumer Spending Volume

The Consumer Spending is an indicator that measures the total expenditure by individuals. The level of spending can be used as an indicator of consumer optimism. The Dutch Consumer Spending Volume will be released at 07:30 GMT, the US Retail Sales at 12:30 GMT, the UK’s Consumer Price Index at 06:00 GMT.

US Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

UK Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

FI Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. Finland’s Gross Domestic Product will be released at 05:00 GMT, the UK’s Core Consumer Price Index at 06:00 GMT, Japan’s Foreign Investment in Japan Stocks at 23:50 GMT.

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

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.