Shiba Inu-themed Floki sees trading volume surge
Floki spiked over 10% and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused push for its Valhalla metaverse game. Trading volumes for the tokens, which are fashioned after the Shiba Inu dog breed, jumped to over $60 million, up from last week’s $25 million average.
Ripple Labs acquired Metaco
In the most publicized acquisition within the crypto world in 2023, blockchain payments company Ripple Labs acquired Metaco. Metaco is Swiss-based asset custody that focuses on trading and decentralized finance. The acquisition was crucial as it could help Ripple Labs cement its footprints in the EU, after paying $250 million to seal the deal.
Russia scraps plans for a national cryptocurrency exchange
The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea.
BTC/USD plummeted 1.3% in the last session.The Bitcoin-Dollar pair dove 1.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 262621 and resistance is at 291801.
The Stochastic indicator is giving a positive signal.
ETH/USD fell 0.9% in the last session.The last session saw the Ethereum drop 0.9% against the Dollar. According to the Stochastic-RSI, we are in an overbought market. Support is at 1792.4333 and resistance is at 1972.8333.
The Stochastic-RSI points to an overbought market.
XRP/USD exploded 1.1% in the last session.The Ripple-Dollar pair skyrocketed 1.1% in the last session. The RSI's positive signal is in line with the overall technical analysis. Support is at 0.4631 and resistance is at 0.4957.
The RSI is giving a positive signal.
LTC fell 0.3% against USD in the last session.The Litecoin-Dollar pair fell 0.3% in the last session. The Williams indicator is giving a negative signal, going against our overall technical analysis. Support is at 86.621 and resistance is at 94.661.
The Williams indicator is currently in negative territory.
Daily Economic Calendar:US Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The US Consumer Confidence will be released at 14:00 GMT, the US S&P/Case-Shiller Home Price Indices at 13:00 GMT, and the Eurozone's Business Climate at 09:00 GMT.
US S&P/Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices examine changes in the value of the residential real estate market in 20 regions across the US.
EMU Business Climate
The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy.
ES Retail Sales
Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Spain's Retail Sales will be released at 07:00 GMT, Japan's Industrial Production at 23:50 GMT, and Japan's Large Retailer Sales at 23:50 GMT.
JP Industrial Production
Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production.
JP Large Retailer Sales
The Large Retailer Sales capture the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence.
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.
