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Navigating financial fallout
Embattled cryptocurrency lender Celsius Network LLC has hired new lawyers for restructuring advice as it navigates the financial fallout from recent turmoil in crypto markets, according to people familiar with the matter.
Bitcoin went below $21,000, investors expect a rally
Crypto market turned red as Bitcoin, the world’s biggest cryptocurrency, lost the $21,000 price level after failing to break through the $22,000 price resistance. Almost every crypto has bled in the last 24 hours.
More stepping stones
New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin
BTC/USD dove 3.3% in the last session
The Bitcoin-Dollar pair dove 3.3% in the last session. The MACD is giving a positive signal. Support at 20994.6073 and Resistance at 22257.5753.
The MACD is currently in positive territory.
ETH/USD plummeted 3.8% in the last session
The Ethereum-Dollar pair plummeted 3.8% in the last session. The RSI is giving a positive signal. Support at 1190.971 and resistance at 1245.591.
The RSI is currently in the positive zone.
XRP/USD dove 5.8% in the last session
The Ripple-Dollar pair dove 5.8% in the last session. The CCI is giving a negative signal, which matches our overall technical analysis. Support at 0.3354 and resistance at 0.3523
The CCI is currently in negative territory.
LTC/USD dove 3.6% in the last session
The Litecoin-Dollar pair plummeted 3.6% in the last session. The CCI is giving a positive signal. Support is at 50.0233 and resistance at 56.7033.
The CCI is currently in positive territory.
Daily Economic Calendar:
JP Machine Tool Orders
The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese economy. Japan’s Machine Tool Orders will be released at 06:00 GMT, the US 3-Month Bill Auction at 15:30 GMT, and the US 6-Month Bill Auction at 15:30 GMT.
US 3-Month Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
US 6-Month Bill Auction
The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.
UK BRC Like-For-Like Retail Sales
The British Retail Consortium Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. The UK’s BRC Like-For-Like Retail Sales will be released at 23:01 GMT, Italy’s Retail Sales at 08:00 GMT, the Eurozone’s Eurogroup Meeting at 00:00 GMT.
IT Retail Sales
The “Retail Sales” metric measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
EMU Eurogroup Meeting
Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.
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-11072022