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Crypto winter:
Voyager digital filed for bankruptcy.
Embattled crypto lender Voyager Digital filed for bankruptcy this week and became the latest casualty of a bear market that will continue to leave a path of destruction in the digital currency sector.
Overtaking:
Transaction volumes on the Chinese state-backed blockchain’s NFT ecosystem were higher than that of Ethereum, the most popular blockchain for such deals, China’s Blockchain-based Service Network said in a press release.
Edging closer:
Recent opinions regarding the dispute between the Securities Exchange Commission and Ripple Labs, whose US$15bln XRP token ranks as the 7th largest by market capitalisation, suggest that the digital payment network is edging closer to outright victory in the long-running saga.
BTC/USD skyrocketed 2.0% in the last session.
The Bitcoin-Dollar pair rose 2.0% in the last session after gaining as much as 3.0% during the session. The ROC is giving a negative signal. Support 19428.8643 and Resistance at 21229.7123
The ROC is giving a negative signal.
ETH/USD skyrocketed 3.4% in the last session.
The Ethereum-Dollar pair skyrocketed 3.4% in the last session. The Stochastic-RSI indicates an overbought market. Support at 1077.0933 and Resistance at 1256.4733
The Stochastic-RSI points to an overbought market.
XRP/USD exploded 1.7% in the last session.
The Ripple-Dollar pair skyrocketed 1.7% in the last session. The Williams indicator is giving a positive signal. Support at 0.3149 and Resistance at 0.3427
The Williams indicator is currently in positive territory.
LTC/USD exploded 2.5% in the last session.
The Litecoin-Dollar pair skyrocketed 2.5% in the last session. The Stochastic indicator is giving a negative signal. Support at 48.071 and Resistance at 52.191
The Stochastic indicator is giving a negative signal.
Daily Economic calendar:
US Average Hourly Earnings
The Average Hourly Earnings is a significant indicator of labor cost inflation and of the tightness of labor markets.
The US Average Hourly Earnings will be released at 12:30 GMT, Finland’s Industrial Output at 05:00 GMT, Japan’s Eco Watchers Survey: Outlook at 05:00 GMT.
FI Industrial Output
The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing.
JP Eco Watchers Survey: Outlook
The Eco Watchers Survey closely monitors regional economic trends. The survey is considered as basic material for assessing short-term economic trends.
US Nonfarm Payrolls
The Nonfarm Payrolls presents the number of new jobs created during the previous month excluding the agricultural sector.
The US Nonfarm Payrolls will be released at 12:30 GMT, the Austrian Trade Balance at 07:00 GMT, Japan’s Eco Watchers Survey: Current at 05:00 GMT.
AT 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.
JP Eco Watchers Survey: Current
The Eco Watchers Survey closely monitors regional economic trends. The survey is considered as basic material for assessing short-term economic trends.
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.
Source: https://cryptodaily.co.uk/2022/07/crypto-daily-daily-crypto-and-financial-news-08072022-voyager-digital-filed-for-bankruptcy