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Crypto Daily - Daily Crypto And Financial News 03/08/2022, Ethereum Flips Bitcoin In Options Market

Crypto Daily - Daily Crypto And Financial News 03/08/2022, Ethereum Flips Bitcoin In Options Market

In Todays Headline TV CryptoDaily News:

Gucci accepts Apecoin as payment for in-store purchases in the US.

Italian high-end luxury fashion house Gucci is now accepting ApeCoin as payment for in-store purchases situated in the United States. ApeCoin is a new addition to a list of cryptocurrencies Gucci accepts for purchasing their products in select boutiques in the US.

ETH crosses Bitcoin in the options market.

Ethereum blockchain’s native token Ether has surpassed Bitcoin in the options market for the first time on the Deribit exchange. The cumulative dollar value of the Ether options contract opens on Deribit was around US$5.7 billion, while open Bitcoin options trades had about US$4.35 billion locked at the time of publication.

Ethereum miners generated $571 million in revenue.

Ethereum miners generated $571 million in revenue in July 2022 and analysts consider this ETH will be put right back on the market. Analysts believe the rebound was bear market relief. Ethereum price could hit a new low before a trend reversal.

BTC/USD corrected downwards by 0.1% in the last session.

The Bitcoin-Dollar pair saw a minor dip of 0.1% in the last session. The ROC is giving a negative signal. Support is at 22596.3333 and resistance at 23830.3333.

The ROC is currently in negative territory.

ETH/USD skyrocketed 1.5% in the last session.

The Ethereum-Dollar pair skyrocketed 1.5% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 1551.531 and resistance at 1741.871.

The Stochastic-RSI is currently in the negative zone.

XRP/USD dove 1.3% in the last session.

The Ripple-Dollar pair dove 1.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 0.3642 and resistance at 0.3933.

The Stochastic indicator is currently in positive territory.

LTC/USD dove 1.1% in the last session.

The Litecoin-Dollar pair plummeted 1.1% in the last session. The Stochastic indicator is giving a positive signal. Support is at 57.0833 and resistance at 61.8633.

The Stochastic indicator is currently in the positive zone.

Daily Economic Calendar:

US ISM Services PMI

The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. The US ISM Services PMI will be released at 14:00 GMT, the US Factory Orders at 14:00 GMT, Germany's Trade Balance at 06:00 GMT.

US Factory Orders

The Factory Orders is a measure of the total orders of durable and non-durable goods, which can offer insight into inflation and growth in the manufacturing sector.

DE Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

DE Exports

The Exports measure the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus. Germany's Exports will be released at 06:00 GMT, Japan's Jibun Bank Services PMI at 00:30 GMT, Japan's Foreign Bond Investment at 23:50 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

JP Foreign Bond Investment

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.

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