Tesla Loses $170M In BTC Investment, Crypto Daily TV 25/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=HGbvw9LE9Cg

$170 million down.

Tesla reported that it suffered a $170 million impairment loss on its investment in Bitcoin during the first 9 months of this year, noting that it had also gained roughly $64 million by converting some of the Bitcoin that it owned into fiat money.

British pound fiasco boosts bitcoin’s hedge appeal.

After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency. Trading volumes between bitcoin and the pound jumped 233% in September from the month before.

Ripple’s director of engineering leaves.

Ripple’s chief engineer announced over the weekend that he is leaving the company to chart new horizons, which he chose not to reveal. At Ripple, Bougalis oversaw a series of developments to the ledger’s code base, including the introduction of NFTs, which is scheduled to go live in November.

BTC/USD fell 0.8% in the last session.

Bitcoin dropped 0.8% against the Dollar in the last session. The ROC is giving a positive signal. Support is at 18863.6667 and resistance is at 20067.6667.

The ROC is currently in positive territory.

ETH dropped 0.3% against USD in the last session.

Ethereum dropped 0.3% against the Dollar in the last session. The RSI is giving a positive signal. Support is at 1276.471 and resistance is at 1414.791.

The RSI is giving a positive signal.

XRP/USD dove 2.0% in the last session.

The Ripple-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 0.4441 and resistance is at 0.4849.

The Stochastic-RSI is currently in positive territory.

LTC/USD dove 2.4% in the last session.

The Litecoin-Dollar pair plummeted 2.4% in the last session. The MACD is giving a positive signal. Support is at 51.0967 and resistance is at 55.4967.

The MACD is currently in positive territory.

Daily Economic Calendar:

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