Crypto Daily TV 8/16/2022, BTC Price Hits Double Top?

Crypto Daily TV 8/16/2022, BTC Price Hits Double Top?

Crypto Daily TV 8/16/2022, BTC Price Hits Double Top?

From Todays Headline TV CryptoDaily News:

Judge grants Ripple’s request to review SEC officials’ videos.

US Judge Sarah Netburn granted Ripple Labs’ motion to serve two subpoenas to authenticate seven video recordings in which US Securities and Exchange Commission officials made public remarks.

Electricity needs will drop by 99%.

The upcoming Ethereum merger is an important day. The long-delayed Ethereum blockchain upgrade is currently scheduled for September 15. If successful, the blockchain’s massive electricity needs will drop by more than 99%.

Bitcoin hits $25,000 as bearish voices call BTC price “double top”.

Bitcoin soared to $25,000 for the first time in months, but traders refused to take any risk on a bull run. After breaking above $2,000 for the first time since May earlier in the weekend, ETH/USD appeared to be in consolidation mode with no significant momentum continuing.

The last session saw BTC drop 0.7% against the USD.

The Bitcoin-Dollar pair fell 0.7% in the last session after gaining as much as 3.7% during the session. The stochastic-RSI gives a negative signal. Support is at 23632.6667 and resistance at 25336.6667.

The Stochastic-RSI is currently in the negative zone.

ETH/USD plunged 1.8% in the last session.

The Ethereum-Dollar pair fell 1.8% in the last session after rising 3.9% during the session. The ROC gives a positive signal. Support is at 1838.6833 and resistance at 2076.6033.

The ROC is currently in the positive zone.

XRP/USD plunged 1.1% in the last session.

The Ripple-Dollar pair fell 1.1% in the last session. The MACD gives a negative signal. Support is at 0.3624 and resistance at 0.3988.

The MACD is currently in negative territory.

LTC/USD fell 4.3% in the last session.

The Litecoin-Dollar pair plunged 4.3% in the last session. The Williams indicator gives a negative signal. Support is at 60.491 and resistance at 67.131.

The Williams indicator is currently in negative territory.

Daily economic calendar:

ILO Unemployment Rate UK

The ILO unemployment rate is the number of unemployed persons divided by the total civilian labor force. The ILO UK Unemployment Rate will be released at 06:00 GMT, German ZEW Survey – Current Situation at 09:00 GMT, UK Claimant Count Change at 06:00 GMT.

DE ZEW Survey – Current Situation

The ZEW – Current Situation survey measures the current sentiment of institutional investors, reflecting the difference between the share of optimistic and pessimistic investors.

Change in the number of applicants in the UK

The change in the number of claimants presents the evolution of the number of unemployed in the United Kingdom.

United States Red Book Index

The Johnson Redbook Index measures year-over-year comparable store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, Japan Exports at 23:50 GMT, US Housing Starts at 12:30 GMT.

JP Exports

Exports measure the total exports of goods and services by the local economy. Steady demand for exports is helping to sustain the growing trade surplus.

Housing starts in the United States

Housing starts record the number of new single-family homes or buildings constructed. It is a key indicator of the housing market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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