Poolin Suspends Wallet Withdrawals, Crypto Daily TV 07/09/2022

In Todays Headline TV CryptoDaily News:

Preserving assets.

PoolinWallet, the wallet service of one of the world’s biggest bitcoin mining pools, is suspending all withdrawals as it tries to preserve assets and stabilize liquidity, the firm said.

The long-delayed Ethereum Merge is scheduled for next week.

The long-awaited Ethereum Merge is happening next week. Arcane as it sounds, the Merge matters whether or not you’re a blockchain believer or a crypto critic. If it’s successful, the process will lower ethereum’s massive electricity requirements by over 99%.

Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap.

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow to begin negotiations with the United States to include his client in a potential prisoner swap.

BTC/USD dove 3.9% in the last session.

The Bitcoin-Dollar pair dove 3.9% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 19427.3333 and resistance at 20225.3333.

The Stochastic-RSI is signalling an oversold market.

ETH/USD dove 2.0% in the last session.

The Ethereum-Dollar pair dropped 2.0% in the last session after rising as much as 4.1% during the session. The ROC is giving a negative signal. Support is at 1530.2033 and resistance at 1672.4233.

The ROC is currently in the negative zone.

XRP/USD plummeted 2.4% in the last session.

The Ripple-Dollar pair dove 2.4% in the last session. The RSI is giving a negative signal. Support is at 0.3186 and resistance at 0.3408.

The RSI is giving a negative signal.

LTC/USD plummeted 9.1% in the last session.

The Litecoin-Dollar pair plummeted 9.1% in the last session. The ROC is giving a negative signal. Support is at 58.191 and resistance at 62.651.

The ROC is currently in the negative zone.

Daily Economic Calendar:

IT Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Italy’s Retail Sales will be released at 08:00 GMT, Germany’s Industrial Production at 06:00 GMT, Australia’s Gross Domestic Product at 01:30 GMT.

DE 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.

AU Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

JP Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. Japan’s Gross Domestic Product will be released at 23:50 GMT, Japan’s Current Account at 23:50 GMT, the US MBA Mortgage Applications at 11:00 GMT.

JP Current Account

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

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market.

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.