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Crypto Daily - Daily Crypto And Financial News 29/07/2022, El Salvador FinMin Says That Bitcoin Bet Is Working

Crypto Daily - Daily Crypto And Financial News 29/07/2022, El Salvador FinMin Says That Bitcoin Bet Is Working

In Todays Headline TV CryptoDaily News:

El Salvador’s bitcoin bet is working, finance minister says.

El Salvador’s finance minister defended the country’s strategy to adopt Bitcoin as legal tender even as critics urge the nation to ditch the experiment as the cryptocurrency world suffers through a bear market.

Why Ethereum Classic (ETC) Is Up Over 100% This Month

Ethereum Classic (ETC) -- also known as the "original" Ethereum -- is on a roll. Ethereum Classic has been up over 60% in the past seven days and over 150% in the past month, according to CoinMarketCap data.

Ripple signs a partnership deal with FomoPay to aid treasury management.

Leading crypto solutions provider, Ripple, recently signed a partnership deal with a Singapore-based payment platform FOMOPay. As revealed, the partnership will enable FOMOPay to explore the On-Demand Liquidity technology of Ripple in carrying out its operation.

BTC/USD skyrocketed 3.7% in the last session.

The Bitcoin-Dollar pair exploded by 3.7% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 20326.3333 and resistance at 24410.3333.

The Ultimate Oscillator is giving a positive signal.

ETH/USD skyrocketed 5.2% in the last session.

The Ethereum-Dollar pair skyrocketed 5.2% in the last session. According to the Williams indicator, we are in an overbought market. Support is at 1344.2333 and resistance at 1789.7733.

The Williams indicator is signaling an overbought market.

XRP/USD skyrocketed 2.9% in the last session.

The Ripple-Dollar pair skyrocketed 2.9% in the last session. The ROC is giving a negative signal. Support is at 0.3207 and resistance at 0.3791.

The ROC is currently in the negative zone.

LTC/USD exploded 6.2% in the last session.

The Litecoin-Dollar pair rose 6.2% in the last session after gaining as much as 8.6% during the session. The CCI indicates an overbought market. Support is at 51 and resistance at 63.041.

The CCI points to an overbought market.

Daily Economic Calendar:

FR Gross Domestic Product

The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health. The French Gross Domestic Product will be released at 05:30 GMT, Australia's Producer Price Index at 01:30 GMT, and the UK's CFTC GBP NC Net Positions at 19:30 GMT.

AU Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.

UK CFTC GBP NC Net Positions

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

JP Annualized Housing Starts

The Annualized Housing Starts capture how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. Japan's Annualized Housing Starts will be released at 05:00 GMT, Japan's Construction Orders at 05:00 GMT, and the US Personal Income at 12:30 GMT.

JP Construction Orders

The Construction Orders released by the Ministry of Land, Infrastructure, Transport, and Tourism show the number of orders received by construction companies.

US Personal Income

Personal Income measures the total income received by individuals, from all sources, including wages and salaries, interest, dividends, rent, workers' compensation, proprietors' earnings, and transfer payments.

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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