FTX Building A $1B War Chest, Crypto Daily TV 23/09/2022

In today’s CryptoDaily News TV title:

FTX Builds $ 1 Billion Treasure Chest to Buy Troubled Cryptocurrencies.

CEO and co-founder of leading cryptocurrency exchange FTX Sam Bankman-Fried revealed that the company has built an estimated $ 1 billion war chest to continue distributing capital in order to rescue struggling crypto companies and buy their assets.

Binance CEO says the bear market is “healthy” for cryptocurrencies

Binance CEO Changpeng Zhao warned that the cryptocurrency winter is far from over, but that doesn’t stop his belief that the bear market is healthy.

CEOs of major banks will not financially support cryptocurrency mining.

CEOs of the largest US banks will not financially support cryptocurrency mining activities. CEOs of Bank of America, Wells Fargo & Company and Citigroup were present during a Congressional hearing, where Rep Brad Sherman asked the three executives if they would fund cryptocurrency mining.

BTC / USD exploded 4.3% in the last session.

The Bitcoin-Dollar pair skyrocketed 4.3% in the last session. The ROC is giving a positive signal. Support is at 17185.5117 and resistance is at 20533.5117.

The ROC is currently in positive territory.

ETH / USD exploded 6.4% in the last session.

The Ethereum-Dollar pair exploded 6.4% in the last session. The Williams indicator indicates an oversold market. Support is at 1120.1867 and resistance is at 1452.1667.

The Williams indicator indicates an oversold market.

XRP / USD exploded 23.7% in the last session.

The Ripple-Dollar pair skyrocketed 23.7% in the last session. The MACD is giving a positive signal. Support is at 0.3536 and resistance is at 0.4523.

The MACD is giving a positive signal.

LTC / USD exploded 4.1% in the last session.

The Litecoin-Dollar pair gained 4.1% in the last session after climbing as much as 5.8% during the session. The negative signal of the RSI is in line with the overall technical analysis. Support is at 47.081 and resistance is at 57.521.

The RSI is currently in negative territory.

Daily economic calendar:

Counting of US oil rigs Baker Hughes

The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling platforms consume products and services produced by the oil services industry. Baker Hughes US oil rig tally will be released at 17:00 GMT, Dutch gross domestic product at 04:30 GMT, Japan’s CFTC JPY NC net positions at 19:30 GMT.

NL Gross domestic product

Gross domestic product measures the total value of all goods and services produced by a country. GDP is seen as a broad measure of economic activity and health.

JP CFTC JPY NC Net positions

The weekly Commitments of Traders (COT) report provides information on the size and direction of the positions taken. The report focuses on speculative positions.

UK CFTC GBP NC Net positions

The weekly Commitments of Traders (COT) report provides information on the size and direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC net positions will be published at 19:30 GMT, Canadas Retail Sales at 12:30 GMT, Singapore Consumer Price Index at 05:00 GMT.

CA retail sales

Retail sales measure the total revenue of retail stores. The monthly percentage changes reflect the rate of change of those sales.

Consumer Price Index SG

The Consumer Price Index measures price movements by comparing the retail prices of a representative basket of goods and services.

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.

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