Hong Kong Plans To Become A Crypto Hub, Crypto Daily…

In Todays Headline TV CryptoDaily News:

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BitFuFu starts marketplace for crypto mining rig coupons.

BitFuFu, a cloud mining company, has started a marketplace for discount coupons on the Antiminer branded rigs manufactured by Bitmain, the world’s leading manufacturer of crypto mining machines.

Hong Kong plans to let retail sector trade larger crypto tokens.

Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.

Crypto hedge fund Galois shuts down.

One of the world’s largest crypto-focused quantitative funds, Galois Capital, has called it quits after losing a sizeable portion of its capital in the collapse of FTX, the firm said in a tweet.

BTC/USD skyrocketed 1.8% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.8% in the last session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 236261 and resistance at 255341.

The MACD is currently in the positive zone.

ETH/USD skyrocketed 1.2% in the last session.

The Ethereum-Dollar pair rose 1.2% in the last session after gaining as much as 2.3% during the session. The RSI is giving a positive signal, which matches our overall technical analysis. Support is at 1640.6233 and resistance at 1742.5833.

The RSI is currently in the positive zone.

XRP/USD skyrocketed 3.4% in the last session.

The Ripple-Dollar pair exploded 3.4% in the last session. The Stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 0.377 and resistance at 0.4026.

The Stochastic indicator is currently in the positive zone.

LTC/USD dove 2.1% in the last session.

The Litecoin-Dollar pair plummeted 2.1% in the last session. The ROC is giving a negative signal. Support is at 94.1533 and resistance at 103.1933.

The ROC is giving a negative signal.

Daily Economic Calendar:

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. Japan’s Jibun Bank Manufacturing PMI will be released at 00:30 GMT, Germany’s ZEW Survey – Current Situation at 10:00 GMT, the Eurozone’s ZEW Survey – Economic Sentiment at 10:00 GMT.

DE ZEW Survey – Current Situation

The ZEW Survey – Current Situation measures the current institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and are pessimistic.

EMU ZEW Survey – Economic Sentiment

The ZEW Survey – Economic Sentiment measures institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and are pessimistic.

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. The US 3-Month Bill Auction will be released at 16:30 GMT, Australia’s RBA Meeting Minutes at 00:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT.

AU RBA Meeting Minutes

The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

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.