Bitcoin Crosses $20,000, What Next? Crypto Daily TV 26/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=pTp5p_u1oMQ

Crypto stocks soar as Bitcoin rallies to retake $20K.

Bitcoin has risen nearly 5% in value to above $20,000 for the first time in about three weeks, and ether is ahead just shy of 11% to its highest price since the Merge, leading a broad rally in cryptocurrencies and related stocks.

Cash App Now Supports Bitcoin Lightning Payments

The service allows users to receive Bitcoin via Lightning Network and is available for all U.S. users except those in New York.

Apple doubles down on 30% NFT ‘tax’.

Apple has clarified its App Store rules around NFTs and cryptocurrency exchanges, marking the first time its codified specific rules for NFTs. The new rules confirm how NFT purchases will be taxed and what they can and can’t be used for while also clarifying rules around when a crypto exchange app can be listed.

BTC/USD skyrocketed 4.3% in the last session.

The Bitcoin-Dollar pair exploded by 4.3% in the last session. The Ultimate Oscillator’s positive signal aligns with the overall technical analysis. Support is at 189461 and resistance is at 197981.

The Ultimate Oscillator gives a positive signal.

ETH/USD skyrocketed 9.6% in the last session.

The Ethereum-Dollar pair skyrocketed 9.6% in the last session. The RSI’s positive signal is in line with the overall technical analysis. Support is at 1300.7133 and resistance is at 1390.8933.

The RSI is giving a positive signal.

XRP/USD skyrocketed 1.7% in the last session.

The Ripple-Dollar pair rose 1.7% in the last session after gaining as much as 4.3%. The Ultimate Oscillator gives a positive signal. Support is at 0.4333 and resistance is at 0.4826.

The Ultimate Oscillator is currently in the positive zone.

LTC/USD skyrocketed 6.3% in the last session.

The Litecoin-Dollar pair exploded 6.3% in the last session. The ROC is giving a positive signal. Support is at 50.861 and resistance is at 55.041.

The ROC is currently in the positive zone.

Daily Economic Calendar:

US New Home Sales

The number of New Home Sales is an important measure of housing market conditions. A high reading indicates a stronger economic outlook and consumer sentiment. The US New Home Sales will be released at 14:00 GMT, the US MBA Mortgage Applications at 11:00 GMT, and the French Consumer Confidence at 06:45 GMT.

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered a leading indicator of the U.S Housing Market.

FR Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

JP Coincident Index

The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy. Japan’s Coincident Index will be released at 05:00 GMT, Japan’s Leading Economic Index at 05:00 GMT, Australia’s Consumer Price Index at 00:30 GMT.

JP Leading Economic Index

The Leading Economic Index is an economic indicator that consists of 12 indices such as account inventory ratios, machinery orders, stock prices and other leading economic indicators.

AU Consumer Price Index

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

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.