NYDIG Raises $720M For Its BTC Fund, Crypto Daily TV…

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=cglOw9REl8g

NYDIG raises $720 million for its Bitcoin fund from 59 investors

The New York Digital Investment Group has successfully raised $720 million for its new Institutional Bitcoin Fund, confirming a filing with the United States Securities and Exchange Commission published last week.

Crypto billionaires’ collective wealth drops significantly.

Three billionaires previously included on Forbes 400 have been knocked out of the list, while four remaining billionaires have suffered huge losses amid the crypto winter in which major cryptocurrencies have seen a sharp decline in prices.

Ethereum Merge spikes block creation with a 13% faster average block time.

The Merge upgrade for Ethereum, which primarily sought to transition the blockchain into a proof-of-stake consensus mechanism, has been revealed to have had a positive impact on the creation of new Ethereum blocks.

BTC/USD exploded 2.5% in the last session.

The Bitcoin-Dollar pair skyrocketed 2.5% in the last session. The Stochastic indicator gives a positive signal. Support is at 18684.6667 and resistance is at 19586.6667.

The Stochastic indicator is currently in the positive zone.

ETH/USD exploded 3.4% in the last session.

The Ethereum-Dollar pair skyrocketed 3.4% in the last session. The Stochastic indicator is giving a negative signal. Support is at 1243.3667 and resistance is at 1333.4867.

The Stochastic indicator is giving a negative signal.

XRP/USD exploded 3.6% in the last session.

The Ripple-Dollar pair exploded 3.6% in the last session. The CCI is giving a negative signal. Support is at 0.4231 and resistance is at 0.4912.

The CCI is currently in negative territory.

LTC/USD exploded 3.7% in the last session.

The Litecoin-Dollar pair exploded 3.7% in the last session. The MACD is giving a positive signal. Support is at 50.5567 and resistance is at 54.0567.

The MACD is currently in the positive zone.

Daily Economic Calendar:

US Factory Orders

The Factory Orders measure the total orders of durable and nondurable goods, which can offer insight into inflation and growth in the manufacturing sector. The US Factory Orders will be released at 14:00 GMT, Spain’s Unemployment Change at 07:00 GMT, and the US Redbook Index at 12:55 GMT.

ES Unemployment Change

The Unemployment Change measures the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

AU RBA Interest Rate Decision

The RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The interest rates are a key mechanism through which the central bank influences inflation. Australia’s RBA Interest Rate Decision will be released at 03:30 GMT, Japan’s 10-y Bond Auction at 03:35 GMT, and Australia’s RBA Rate Statement at 03:30 GMT.

JP 10-y Bond Auction

The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors’ outlook on future interest rates.

AU RBA Rate Statement

Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting.

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.