Ripple Gets A New President, Crypto Daily TV 1/2/2023

In Todays Headline TV CryptoDaily News:

Premier League gets Ethereum-based digital cards with Sorare partnership

Blockchain-powered fantasy sports firm Sorare partners with English Premier League to mint Ethereum-based digital player cards.

Hong Kong seeks to revive crypto sector wrecked by FTX debacle.

Hong Kong is sticking with a plan to become Asia’s digital-asset capital despite the industry’s tarnished reputation, a stance drawing tentative interest from bruised crypto firms looking for paths to recovery.

As lawsuit nears its conclusion.

As the US Securities and SEC lawsuit against Ripple comes to an end, the company has announced a new president. Monica Long, Ripple’s senior vice president and general manager, will be taking up the position of president of the company.

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BTC/USD rose 0.5% in the last session.

The Bitcoin-Dollar pair gained 0.5% in the last session after rising as much as 1.6% during the session. The MACD is giving a negative signal. Support is at 21777.6667 and resistance at 24313.6667.

The MACD is currently in negative territory.

ETH/USD gained 0.8% in the last session.

The Ethereum-Dollar pair rose 0.8% in the last session after gaining as much as 2.2% during the session. The RSI is giving a negative signal. Support is at 1477.6733 and resistance at 1691.7333.

The RSI is currently in the negative zone.

XRP/USD skyrocketed 2.9% in the last session.

The Ripple-Dollar pair exploded 2.9% in the last session. The MACD is giving a negative signal. Support is at 0.3641 and resistance at 0.4367.

The MACD is currently in the negative zone.

LTC/USD skyrocketed 1.9% in the last session.

The Litecoin-Dollar pair skyrocketed 1.9% in the last session. The ROC’s positive signal is in line with the overall technical analysis. Support is at 85.121 and resistance at 99.041.

The ROC is currently in the positive zone.

Daily Economic Calendar:

US ADP Employment Change

The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 13:15 GMT, the US ISM Manufacturing PMI at 15:00 GMT, the Eurozone’s Harmonized Index of Consumer Prices at 10:00 GMT.

US ISM Manufacturing PMI

The ISM Manufacturing PMI shows the business conditions in the manufacturing sector. It is a significant indicator of the overall economic conditions.

EMU Harmonized Index of Consumer Prices

The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).

DE 10-y Bond Auction

The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors’ outlook on future interest rates. Germany’s 10-y Bond Auction will be released at 10:30 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, and Japan’s Foreign Bond Investment at 23:50 GMT.

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.

JP Foreign Bond Investment

The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

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.