Entire Crypto Industry Under Threat, Crypto Daily TV 10/11/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=ATUd9JHNvvo

Crypto custody firm Copper inks $500M insurance deal.

Crypto custody firm Copper has arranged $500 million of insurance cover for digital assets in cold storage, one of the biggest arrangements in the industry. The cover was organized by Aon, the largest U.K. insurer by market cap.

Marathon is now the 2nd-largest listed holder of Bitcoin.

Mining company Marathon Digital Holdings is now understood to be the second-largest holder of Bitcoin in the world among publicly-listed companies. During the company’s third-quarter earnings call, CEO Fred Thiel revealed the company now holds 11,300 BTC.

Entire crypto industry is under threat.

Digital media company LBRY asserted in a series of tweets that the entire cryptocurrency industry is now under threat after a New Hampshire federal judge ruled that its digital tokens are securities that must be registered with the U.S. Securities and Exchange Commission.

BTC/USD dove 15.5% in the last session.

The Bitcoin-Dollar pair dove 15.5% in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 149911 and resistance is at 224751.

The Ultimate Oscillator is currently in the negative zone.

ETH/USD dove 17.0% in the last session.

The Ethereum-Dollar pair plummeted 17.0% in the last session. According to the CCI, we are in an oversold market. Support is at 1053.1767 and resistance is at 1717.0367.

The CCI points to an oversold market.

XRP/USD plummeted 19.7% in the last session.

The Ripple-Dollar pair plummeted 19.7% in the last session. The ROC is giving a negative signal. Support is at 0.2703 and resistance is at 0.5345.

The ROC is giving a negative signal.

LTC/USD dove 14.2% in the last session.

The Litecoin-Dollar pair plummeted 14.2% in the last session. The Stochastic indicator’s negative signal is in line with the overall technical analysis. Support is at 45.9867 and resistance is at 74.5067.

The Stochastic indicator is currently in the negative zone.

Daily Economic Calendar:

FI Industrial Output

The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing. Finland’s Industrial Output will be released at 06:00 GMT, the US Consumer Price Index Core at 13:30 GMT, the Austrian Industrial Production at 08:00 GMT.

US Consumer Price Index Core

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

AT Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of the industrial production.

AU Consumer Inflation Expectations

The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. Australia’s Consumer Inflation Expectations will be released at 00:00 GMT, the UK’s RICS Housing Price Balance at 00:01 GMT, the US Consumer Price Index at 13:30 GMT.

UK RICS Housing Price Balance

The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market.

US Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

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.