CFTC Regulations To Double BTC Price? Crypto Daily TV 29/09/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=ECi66GALapw

Ethereum project Ribbon Finance launches crypto options exchange

Decentralized finance protocol Ribbon Finance, known for its on-chain structured products, said it is launching an options exchange to boost demand for its services among savvy crypto traders.

Bitcoin Could ‘Double in Price’ Under CFTC Regulation

CFTC Chairman Rostin Behnam argued on Wednesday that non-bank institutions, including crypto exchanges, “thrive” in conditions of regulatory certainty.

Ethereum delivering another promise of The Merge.

The second-biggest blockchain appears to be proving itself on another promise of the Merge: greater inflation resistance, a characteristic that’s usually more closely associated with Ethereum’s bigger and better-known rival, Bitcoin.

BTC/USD skyrocketed 2.3% in the last session.

The Bitcoin-Dollar pair exploded 2.3% in the last session. The Stochastic indicator gives a positive signal. Support is at 17924.8653 and resistance is at 20958.8653.

The Stochastic indicator is currently in the positive zone.

ETH/USD exploded 1.4% in the last session.

The Ethereum-Dollar pair skyrocketed 1.4% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1250.4767 and resistance is at 1438.3367.

The Ultimate Oscillator is giving a positive signal.

XRP/USD plummeted 1.7% in the last session.

The Ripple-Dollar pair dove 1.7% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 0.4051 and resistance is at 0.5079. 

The Stochastic-RSI is currently in the negative zone.

LTC/USD exploded 1.5% in the last session.

The Litecoin-Dollar pair exploded 1.5% in the last session. The Stochastic indicator gives a positive signal. Support is at 49.7633 and resistance is at 56.9033. 

The Stochastic indicator is currently in the positive zone.

Daily Economic Calendar:

US Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services, and structures produced within a country. The US Gross Domestic Product Annualized will be released at 12:30 GMT, the US Gross Domestic Product Price Index at 12:30 GMT, and the Eurozone’s Business Climate at 09:00 GMT.

US Gross Domestic Product Price Index

The GDP Price Index gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure.

EMU Business Climate

The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy.

ES 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.  Spain’s Consumer Price Index will be released at 07:00 GMT, Japan’s Jobs / Applicants Ratio at 23:30 GMT, and Japan’s Unemployment Rate at 23:30 GMT.

JP Jobs / Applicants Ratio

The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications.

JP Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor 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.