Bitcoins Price Slump Continues: Crypto Daily TV Update

Bitcoins Price Slump Continues: Crypto Daily TV Update


Stay up-to-date with the latest crypto and economic news: Dash blockchain experiences transaction processing issues, Biden opposes debt deal protecting crypto traders, Bitcoin struggles to recover, and analysis of BTC/USD, ETH/USD, XRP/USD, and LTC/USD pairs along with the daily economic calendar.

In Todays Headline Television CryptoDaily News:

Dash blockchain tech stopped processing transactions

Dash, a blockchain tech powering the namesake privacy-focused coin, stopped processing transactions and producing new blocks. After the  news, Binance Crypto exchange announced that its own mining pool for DASH would suspend the distribution of mining bonus until the blockchain tech resumes block production.

Biden won’t accept debt deal protecting cryptocurrency traders

United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit cryptocurrency traders. Attending the Group of 7 Summit in Hiroshima, Japan, Biden was known the Republicans’ proposed terms “unacceptable”.

Bitcoin (BTC) not bouncing back

Bitcoin (BTC) price has been unable to bounce back from the collapse witnessed at the beginning of the 30 days. The impact on investors, on the brighter side, has not been as whole lot of since their behavior has not changed much since the end of March.

BTC/USD gained 0.6 percent in the last session.

The Bitcoin-Dollar pair rose 0.6 percent in the last session after gaining as much as 1.2 percent during the session. The Ultimate Oscillator gives a positive signal. Support is at 26331.3333 and resistance is at 27499.3333.

ETH/USD rose 0.8 percent in the last session.

The last session saw Ethereum (ETH) gain 0.8 percent against the Dollar. The MACD is giving a positive signal. Support is at 1782.10 and resistance is at 1838.91.

The MACD is as of now in the positive zone.

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Bitcoins Price Slump Continues: Crypto Daily TV Update

XRP/USD gained 0.7 percent in the last session.

The Ripple-Dollar pair gained 0.7 percent in the last session after growing as much as 2.1 percent during the session. The Ultimate Oscillator gives a positive signal. Support is at 0.4455 and resistance is at 0.4766.

The Ultimate Oscillator is as of now in the positive zone.

Bitcoins Price Slump Continues: Crypto Daily TV Update

LTC/USD dove 1.3 percent in the last session.

The Litecoin-Dollar pair dove 1.3 percent in the last session. The ROC’s positive signal is in line with the overall technical analysis. Support is at 90.2067, and resistance is at 94.3667.

The ROC is as of now in the positive zone.

Bitcoins Price Slump Continues: Crypto Daily TV Update

Daily Economic Calendar:

United States New Home Sales

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The number of New Home Sales is an important measure of housing market conditions. A high reading signifies a stronger economic outlook and consumer sentiment. The United States New Home Sales will be released at 14:00 GMT, the United States Redbook Index at 12:55 GMT, and the Eurozone’s Current Account at 08:00 GMT.

United States Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

EMU Current Account

The Current Account measures the net flow of current transactions, including goods, services, and interest payments into and out of the local economy.

JP Jibun Bank Manufacturing PMI

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The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. Japan’s Jibun Bank Manufacturing PMI will be released at 00:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT, and the UK’s Public Sector Net Borrowing at 06:00 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

United Kingdom Public Sector Net Borrowing

The Net Borrowing captures the new debt held by the United Kingdom Government, i.e., the fiscal deficit in the United Kingdom national accounts.

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