Binance Launches Tax Calculator, Crypto Daily TV 7/2/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=FEmFvw7S3f0

Bitcoin’s rally stalls.

Bitcoin’s 2023 rally is stalling after coming tantalizingly close to forming a trading signal last seen when the token was setting records. The coin’s near 4% slide in the seven days through Sunday was the largest weekly drop since November, paring its year-to-date gain to 38%.

FTX asks politicians who received Bankman-Fried donations to return money.

FTX Group said it is sending “confidential letters” to politicians and other political beneficiaries of Bankman-Fried, his deputies and his companies, asking them to return the money by the end of the month. In a press release the debtors said they “reserve the right” to try and force repayments – plus interest – through court action.

Binance Tax launched to prepare crypto users for the tax season.

Crypto exchange Binance announced it is launching a tax reporting tool to help users stay on track of their crypto transactions for tax reporting purpose, ahead of the tax season in many countries.

BTC/USD saw a minor dip of 0.2% in the last session

The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.2%. The Stochastic indicator is giving a negative signal. Support is at 22431.3333 and resistance at 23671.3333.

The Stochastic indicator is currently in negative territory.

ETH/USD rose 0.3% in the last session.

The Ethereum-Dollar pair rose 0.3% in the last session after gaining as much as 1.7% during the session. The RSI is giving a negative signal. Support is at 1578.8167 and resistance at 1697.2167.

The RSI is currently in the negative zone.

XRP dropped 0.3% against USD in the last session.

The Ripple-Dollar pair dropped 0.3% in the last session after rising as much as 1.2% during the session. The RSI is giving a negative signal. Support is at 0.3851 and resistance at 0.4186.

The RSI is currently in negative territory.

LTC/USD gained 0.6% in the last session.

The Litecoin-Dollar pair gained 0.6% in the last session. The RSI is giving a negative signal. Support is at 92.8767 and resistance at 100.7567.

The RSI is giving a negative signal. 

Daily Economic Calendar:

JP Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.  Japan’s Current Account will be released at 23:50 GMT, the US Redbook Index at 13:55 GMT, and the US NFIB Business Optimism Index at 11:00 GMT.

US Redbook Index

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

US NFIB Business Optimism Inde

The NFIB Business Optimism Index results from Small Business Economic Trends data collected from quarterly surveys since 1974 and monthly surveys since 1986. 

JP Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Japan’s Trade Balance will be released at 23:50 GMT, the French Imports at 07:45 GMT, and Australia’s Trade Balance at 00:30 GMT.

FR Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts, or grants) from non-residents to residents. 

AU Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

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.