Crypto Daily – Daily Crypto And Financial News 22/07/2022, Tesla Sells $936M Of Its Bitcoin Holdings

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=qgvLue54Rbs

Tesla sold $936M of its bitcoin holdings in Q2.

Electric vehicle maker Tesla converted 75% of its bitcoin holdings into fiat currency, according to an announcement made by the company on its recent earnings call. Tesla said it held $218 million worth of the cryptocurrency at the end of the second quarter.

Slashing current layer 1 Ethereum network costs by 90%.

Polygon, the Ethereum layer 2 scaling network, said it is launching the testnet of its highly-anticipated zero-knowledge rollup dubbed Polygon zkEVM, in what it called “a giant leap forward for Ethereum scaling and ZK innovation.”

U.S. charges ex-Coinbase manager in crypto insider trading case.

A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said.

BTC/USD plummeted 1.1% in the last session.

The Bitcoin-Dollar pair dove 1.1% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 22105.6667 and resistance at 24827.6667.

The Stochastic-RSI points to an overbought market.

ETH/USD exploded 1.6% in the last session.

The Ethereum-Dollar pair exploded 1.6% in the last session. The MACD is giving a positive signal. Support is at 1412.7733 and resistance at 1671.9733.

The MACD is giving a positive signal.

XRP/USD dropped 0.4% in the last session.

The Ripple fell 0.4% against the dollar in the last trading session. The Stochastic indicator gives a positive signal. Support is at 0.3435 and resitance at 0.3916.

The Stochastic indicator is currently in positive territory.

LTC/USD exploded 1.4% in the last session.

The Litecoin-Dollar pair exploded 1.4% in the last session. The Stochastic indicator is giving a positive signal. Support is at 53.2167 and resistance at 63.6367.

The Stochastic indicator is currently in positive territory.

Daily Economic Calendar:

US Baker Hughes US Oil Rig Count

The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT.

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.

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.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan’s CFTC JPY NC Net Positions will be released at 19:30 GMT, the UK’s Retail Sales at 06:00 GMT, the UK’s CFTC GBP NC Net Positions at 19:30 GMT.

UK Retail Sales

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

UK CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

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Source: https://cryptodaily.co.uk/2022/07/crypto-daily-daily-crypto-and-financial-news-22072022-tesla-sells-936-m-of-its-bitcoin-holdings