In today’s headline TV CryptoDaily news:
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Bitcoin rises for fourth month in a row
Since January, the most popular cryptocurrency has ended each month higher than it started, the longest streak of positive monthly gains since 2021. Bitcoin closed at around $29,200 in April.
Dubai Crypto Regulator Grants First Broker-Dealer MVP Operating License
BitOasis, a United Arab Emirates-based Middle East-focused cryptocurrency exchange, said it has received its first broker-dealer Minimum Viable Product Operating License from Dubai’s cryptocurrency regulator.
Bitcoin hits new record for daily transactions
The daily transaction processing volume of the Bitcoin network hit an all-time high. More transactions were confirmed than at any point in its 14-year history, shattering a record set during the 2017 bull run.
BTC/USD plunged 4.8% in the last session.
The bitcoin/dollar pair plunged 4.8% in the last session. Stochastic RSI indicates that the market is oversold. Support is at 28594.3333 and resistance is at 30292.3333.
Stochastic RSI indicates that the market is oversold.
ETH/USD plunged 2.9% in the last session.
The ethereum-dollar pair lost 2.9% in the last session. Stochastic is sending a positive signal. The support level is at 1823.071 and the resistance level is at 1960.771.
Stochastic is currently in the positive zone.
XRP/USD plunged 1.8% in the last session.
The Ripple-Dollar pair lost 1.8% in the last session. Stochastic RSI is giving a negative signal. Support is at 0.4606 and resistance is at 0.4867.
Stochastic RSI is giving a negative signal.
LTC/USD plunged 2.0% in the last session.
The Litecoin-Dollar pair plunged 2.0% in the last session. According to the Stochastic RSI, we are in an oversold market. Support is at 85.6867 and resistance is at 92.6067.
Stochastic RSI indicates that the market is oversold.
Daily Economic Calendar:
U.S. Factory Orders
Factory Orders measures total orders for durable and nondurable goods and provides insight into inflation and growth in the manufacturing sector. US Factory Orders are due at 14:00GMT, US Red Book at 12:55GMT and German Retail Sales at 06:00GMT.
American Red Book Index
The Johnson Redbook Index measures year-over-year same-store sales growth for a sample of large department store retailers.
german retail
Retail sales measure the total revenue of a retail store. The monthly percentage change reflects the rate of change in such sales.
EMU Harmonized Consumer Price Index
HICP is a measure of price changes, or inflation, uniform across EU member states. It is similar to the national consumer price index (CPI). HSPI at 09:00GMT, RBA rate decision at 04:30GMT, RBA rate statement at 04:30GMT .
RBA interest rate decision
RBA rate decisions are announced by the Reserve Bank of Australia. Interest rates are a key mechanism for central banks to influence inflation.
RBA interest rate statement
Decisions about interest rates are made by the Reserve Bank’s Board of Directors and explained in a media release announcing the decision after each meeting.
Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.
