In Todays Headline TV CryptoDaily News:
Brazil appoints Central Bank and Securities Commission as crypto regulators
Brazil’s executive branch has designated the country’s Central Bank and its Securities Commission as responsible for overseeing the crypto market. The SC will exercise control over assets considered securities, while the Central Bank will determine the rules that exchanges must follow, including licensing requirements to operate.
SEC and Binance.US to negotiate deal avoiding total asset freeze
Binance.US and the SEC have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets. U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to work toward a compromise arrangement to protect customer funds without having to shut down the exchange.
Bitcoin sinks, altcoins tumble
Bitcoin fell under $25,000 as investors shrugged off the U.S. central bank’s widely expected halt to a more than year-long diet of interest rate hikes. Major altcoins took a dive to sink into negative territory, with Ether and ADA dropping 3 and 4%.
BTC/USD dove 3.0% in the last session.
The Bitcoin-Dollar pair plummeted 3.0% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 253591 and resistance at 267191.
The Stochastic-RSI is signalling an oversold market.
ETH/USD dove 5.0% in the last session.
The Ethereum-Dollar pair dove 5.0% in the last session. The ROC is giving a negative signal. Support is at 1708.0367 and resistance at 1778.7967.
The ROC is currently in the negative zone.
XRP/USD dove 7.9% in the last session.
The Ripple-Dollar pair dove 7.9% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.4703 and resistance at 0.5894.
The Ultimate Oscillator is giving a negative signal.
LTC/USD dove 5.9% in the last session.
The Litecoin-Dollar pair plummeted 5.9% in the last session. The Williams indicator indicates an oversold market. Support is at 74.5967 and resistance at 80.9767.
The Williams indicator is signalling an oversold market.
Daily Economic Calendar:
EMU Eurogroup Meeting
Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. The Eurozone’s Eurogroup Meeting will be released at 07:00 GMT, the US Initial Jobless Claims at 12:30 GMT, the Dutch Unemployment Rate at 04:30 GMT.
US Initial Jobless Claims
The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance.
NL Unemployment Rate
The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.
US Retail Sales
The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The US Retail Sales will be released at 12:30 GMT, Australia’s Employment Change at 01:30 GMT, Japan’s Tertiary Industry Index at 04:30 GMT.
AU Employment Change
The Employment Change is a measure of the change in the number of employed people, which in turn shows the strength of the Labour market.
JP Tertiary Industry Index
The Tertiary Industry Index is an indicator of the health of the domestic service sector and related economic factors.
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.