In today’s headline TV CryptoDaily news:
(embed) https://www.youtube.com/watch?v=4F1_K03XKvs (/embed)
FDIC blames mismanagement for SB failure
The FDIC’s post-mortem assessment of Signature Bank revealed that mismanagement and inadequate risk management practices were the root causes of its collapse.
Crypto tax guidance could be out in 12 months
Julie Foerster said at the Consensus 2023 conference that the IRS hopes to issue cryptocurrency tax guidance “in about 12 months.” The director of the digital asset project also said that the IRS is planning to change its view on cryptocurrencies and hopes to do more work and industry.
Cost to mine a bitcoin will rise to $17,000 by 2023
According to a new study, it now costs bitcoin miners at least $17,000 to produce one BTC in the United States, compared to $5,000-10,000 a year ago. Unsurprisingly, soaring electricity rates in states across the U.S. have led to an increase in the cost of Bitcoin mining.
BTC/USD rose 0.4% in the previous session.
In the last session, bitcoin gained 0.4% against the dollar. The ROC is giving a positive signal, which is in line with our overall technical analysis. The support level is at 288951 and the resistance level is at 296331.
The ROC is sending positive signals.
ETH was down 0.7% against the dollar in the previous session.
The ethereum-dollar pair lost 0.7% in the last session. The ROC sent negative signals. Support is at 1873.671 and resistance is at 1932.951.
The ROC sent negative signals.
XRP/USD fell 0.9% in the last session.
In the last trading session, Ripple was down 0.9% against the dollar. Stochastic RSI is giving a positive signal. Support is at 0.4645 and resistance is at 0.4934.
The Stochastic RSI is currently in the positive zone.
LTC/USD fell 2.7% in the last session.
The Litecoin-Dollar pair plunged 2.7% in the last session. The ROC sent negative signals. Support is at 88.3467 and resistance is at 92.8867.
The ROC sent negative signals.
Daily Economic Calendar:
US ISM manufacturing new orders index
The ISM Manufacturing New Orders Index uses new orders data to measure business conditions in the manufacturing sector. US ISM manufacturing new orders index will be released at 14:00 GMT, US ISM manufacturing PMI will be released at 14:00 GMT, Japan Jibun Bank manufacturing PMI will be released at 00 GMT :30 Posted.
US ISM Manufacturing PMI
The ISM Manufacturing PMI shows the business conditions in the manufacturing sector. It is an important indicator of overall economic conditions.
JP Jibun Bank Manufacturing Purchasing Managers Index
The Jibun Bank Manufacturing PMI provided an early snapshot of the health of Japan’s manufacturing sector.
Japanese Monetary Base
The monetary base is the money provided by the central bank, including banknotes and coins and money held in bank accounts. Japan Monetary Base is due at 23:50GMT, US ISM Manufacturing Employment is due at 14:00GMT and Japanese Consumer Confidence is due at 05:00GMT.
US ISM Manufacturing Employment Index
The ISM Manufacturing Employment Index estimates the labor market in the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries.
Japan Consumer Confidence Index
Consumer confidence reflects an individual’s view of economic activity. High levels of consumer confidence indicate a stronger economy.
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.