Robinhood Crypto Revenue Drops By 12%, Crypto Daily TV 4/11/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=wqn8H_1o6S4

Marathon Digital mines 615 bitcoin in October.

Marathon Digital Holdings mined 615 bitcoin in October, the highest monthly total in its history, showing that its struggle to bring hashrate online is behind it, the firm said in a press release.

Crypto Gloom Deepens on JPMorgan Team’s Venture Capital Warning

A retrenchment in venture capital funding for the digital-asset sector is the latest sign that a longer slump in crypto markets may lie ahead.

Robinhood reports a 12% crypto revenue drop.

Robinhood’s crypto arm saw a 12% decline in revenue from crypto transactions in Q3, amounting to $51 million as compared to $58 million in the previous quarter.

BTC/USD rose 0.4% in the last session.

The Bitcoin-Dollar pair gained 0.4% in the last session after rising as much as 1.1% during the session. The Stochastic-RSI is giving a negative signal. Support is at 19618.6667 and resistance is at 21090.6667.

The Stochastic-RSI is giving a negative signal.

ETH/USD exploded 1.5% in the last session.

The Ethereum-Dollar pair gained 1.5% in the last session after rising as much as 2.7% during the session. The Stochastic-RSI is giving a negative signal. Support is at 1431.581 and resistance is at 1662.61.

The Stochastic-RSI is currently in negative territory.

XRP/USD skyrocketed 1.5% in the last session.

The Ripple-Dollar pair skyrocketed 1.5% in the last session. The Williams indicator is giving a positive signal. Support is at 0.4334 and resistance is at 0.4741.

The Williams indicator is currently in the positive zone.

LTC/USD exploded 2.7% in the last session.

The Litecoin-Dollar pair skyrocketed 2.7% in the last session. The CCI indicates an overbought market. Support is at 51.6533 and resistance is at 66.9733.

The CCI points to an overbought market.

Daily Economic Calendar:

FR Industrial Output

The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing.  The French Industrial Output will be released at 07:45 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT, Germany’s Factory Orders at 07:00 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

DE Factory Orders

The Factory Orders are a measure of the total orders of durable and non durable goods, which can offer insight into inflation and growth in the manufacturing sector.

UK CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. The UK’s CFTC GBP NC Net Positions will be released at 19:30 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT, and the US Average Hourly Earnings at 12:30 GMT.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

US Average Hourly Earnings

The Average Hourly Earnings is a significant indicator of labor cost inflation and of the tightness of labor markets.

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.