Ethereum Launches Shanghai Testnet, Crypto Daily TV 20/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=Zz8jxK9Efos

Ethereum launches testnet for Shanghai upgrade.

Staked Ether withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live.

Tesla’s $218 million bitcoin holdings remained unchanged in Q3.

Elon Musk’s electric automobile manufacturer Tesla has revealed that its Bitcoin holdings were unchanged throughout the third quarter, irrespective of heavy losses in Bitcoin and the entire crypto market.

Bitcoin futures ‘Backwardation’ could signal bearish mood.

Bitcoin futures listed on the Chicago Mercantile Exchange slipped into prolonged backwardation during September, theoretically a bearish signal, according to a weekly report from crypto platform Luno.

BTC/USD fell 0.6% in the last session.

The Bitcoin-Dollar pair dropped 0.6% in the last session. The RSI is giving a negative signal. Support is at 18782.6667 and resistance is at 19980.6667.

The RSI is currently in negative territory.

ETH/USD dove 1.1% in the last session.

The Ethereum-Dollar pair plummeted 1.1% in the last session. The MACD is giving a positive signal. Support is at 1259.4767 and resistance is at 1366.8767.

The MACD is giving a positive signal.

XRP/USD dropped 0.6% in the last session.

The last session saw the Ripple drop 0.6% against the Dollar. The Stochastic-RSI indicates an oversold market. Support is at 0.442 and resistance is at 0.4962.

The Stochastic-RSI is signalling an oversold market.

LTC dropped 0.6% against USD in the last session.

The last session saw Litecoin drop 0.6% against the Dollar. The Stochastic indicator gives a positive signal. Support is at 50.181 and resistance is at 53.021.

The Stochastic indicator is currently in positive territory.

Daily Economic Calendar:

AU Employment Change

The Employment Change is a measure of the change in the number of employed people, which in turn shows the Labor market’s strength. Australia’s Employment Change will be released at 00:30 GMT, Germany’s Producer Price Index at 06:00 GMT, and Australia’s Unemployment Rate at 00:30 GMT.

DE Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.

AU Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.

NL Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. The Dutch Unemployment Rate will be released at 04:30 GMT, Japan’s National Consumer Price Index at 23:30 GMT, and the UK’s GfK Consumer Confidence at 23:01 GMT.

JP National Consumer Price Index

The National Consumer Price Index measures price movements obtained by comparing the retail prices of a representative shopping basket of goods and services.

UK GfK Consumer Confidence

The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

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.