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

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

In today’s Headline TV CryptoDaily News:

FTX builds $1 billion war chest to buy up distressed cryptos.

CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried has revealed that the company has built an estimated $1 billion war chest to continue deploying capital to rescue distressed crypto firms and buy their assets.

Binance CEO Says Bear Market Is ‘Healthy’ For Crypto

Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that does not stop his belief that the bear market is healthy.

CEOs of major banks will not support crypto mining financially.

CEOs of the largest banks in the United States will not financially support the cryptomining business. CEOs from 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 crypto mining activities.

BTC/USD exploded 4.3% in the last session.

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

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 points to an oversold market.

XRP/USD exploded 23.7% in the last session.

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

MACD gives a positive signal.

LTC/USD exploded 4.1% in the last session.

The Litecoin-Dollar pair gained 4.1% in the last session after rising as much as 5.8% during the session. RSI’s negative signal is in line with the general technical analysis. Support is at 47,081 and resistance is at 57,521.

The RSI is currently in negative territory.

Daily financial calendar:

US Baker Hughes US Oil Rig Count

Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs use products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the 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 considered 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 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 positions taken. The report focuses on speculative positions. UK CFTC GBP NC net positions will be released at 19:30 GMT, Canada retail sales at 12:30 GMT, Singapore CPI at 05:00 GMT.

CA Retail

The retail trade measures the total revenue of stores. Monthly percentage changes reflect the rate of change of such sales.

SG consumer price index

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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