DOGE and Elon Musk Dominate The News, Crypto Daily TV…

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=7cXDHz3cz-Y

Musk tries to throw out Dogecoin lawsuit.

Elon Musk asked a U.S. judge to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin, with lawyers calling the lawsuit by Dogecoin investors a “fanciful work of fiction” over Musk’s “innocuous and often silly tweets” about Dogecoin.

Bitcoin holds above $28k.

BTC was recently trading at slightly above $28k. It rose roughly 21% in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold.

Dogecoin soars After Twitter replaces its logo with the token’s dog.

Dogecoin surged more than 35% after Elon Musk’s Twitter replaced the social-media platform’s familiar blue bird atop its homepage with the cryptocurrency’s iconic Shiba Inu dog logo.

BTC/USD dove 2.7% in the last session.

The Bitcoin-Dollar pair plummeted 2.7% in the last session. The Stochastic indicator is giving a negative signal. Support is at 275371 and resistance at 288331.

The Stochastic indicator is currently in negative territory.

The last session saw ETH fall 0.9% against USD.

The Ethereum-Dollar pair dropped 0.9% in the last session after rising as much as 2.4% during the session. The Ultimate Oscillator is giving a negative signal. Support is at 1749.951 and resistance at 1846.871.

The Ultimate Oscillator is giving a negative signal.

XRP/USD plummeted 6.0% in the last session.

The Ripple-Dollar pair dropped 6.0% in the last session after rising as much as 1.1% during the session. The CCI is giving a negative signal. Support is at 0.4891 and resistance at 0.5434.

The CCI is currently in negative territory.

LTC/USD plummeted 2.3% in the last session.

The Litecoin-Dollar pair dove 2.3% in the last session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 88.6367 and resistance at 96.6367.

The MACD is currently in positive territory.

Daily Economic Calendar:

US Factory Orders

The Factory Orders is a measure of 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, Australia’s RBA Rate Statement at 04:30 GMT, and Japan’s 10-y Bond Auction at 03:35 GMT.

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.

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.

DE 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. Germany’s Trade Balance will be released at 06:00 GMT, the US Redbook Index at 12:55 GMT, and Australia’s RBA Interest Rate Decision at 04:30 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.

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.

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.