Ethereum Shanghai upgrade brings record inflow of ETH staked
Ethereum’s Shanghai upgrade brought a record-breaking weekly inflow of ether deposits for staking last week, mainly driven by institutional staking service providers and investors reinvesting rewards after withdrawal, crypto analysts said.
Coinbase files legal challenge to push SEC to write rules on crypto
Coinbase Global Inc filed a petition in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator.
BTC could rebound
Bitcoin’s third consecutive day of negative trading has aligned with technical indicators that suggest bitcoin’s price could rise again. Bitcoin's price has retraced 9% since breaching the psychological mark of $30,000 on April 14.
BTC/USD skyrocketed 2.2% in the last session.The Bitcoin-Dollar pair skyrocketed 2.2% in the last session. The RSI is giving a negative signal. Support is at 26504.6667 and resistance at 28508.6667.
The RSI is currently in negative territory.
ETH/USD skyrocketed 1.2% in the last session.The Ethereum-Dollar pair exploded 1.2% in the last session. The MACD is giving a negative signal. Support is at 1767.851 and resistance at 1926.131.
The MACD is currently in negative territory.
XRP/USD skyrocketed 1.9% in the last session.The Ripple-Dollar pair exploded 1.9% in the last session. The ROC is giving a positive signal. Support is at 0.4276 and resistance at 0.5013.
The ROC is currently in positive territory.
LTC/USD skyrocketed 3.7% in the last session.The Litecoin-Dollar pair skyrocketed 3.7% in the last session. The Williams indicator is giving a positive signal. Support is at 85.011 and resistance at 90.631.
The Williams indicator is currently in positive territory.
Daily Economic Calendar:US Nondefense Capital Goods Orders
The Nondefense Capital Goods Orders measure the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services. The US Nondefense Capital Goods Orders will be released at 12:30 GMT, Australia's Consumer Price Index at 01:30 GMT, and Japan's Foreign Bond Investment at 23:50 GMT.
AU Consumer Price Index
The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.
JP Foreign Bond Investment
Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.
DE Gfk Consumer Confidence Survey
The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. Germany's Gfk Consumer Confidence Survey will be released at 06:00 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT, the Dutch Retail Sales at 04:30 GMT.
JP Foreign Investment in Japanese Stocks
Securities investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.
NL Retail Sales
Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
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