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Tether Reports Profitable Q1, Crypto Daily TV 11/5/2023

Tether Reports Profitable Q1, Crypto Daily TV 11/5/2023

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In Todays Headline TV CryptoDaily News:

Bittrex’s U.S., Maltese arms processed $425M in withdrawals

Bittrex’s U.S. and Maltese arms processed $425 million in withdrawals since the exchange announced it would shut down its U.S. operations around April 1, its attorney told a Delaware bankruptcy court.

Crypto whales accumulate Pepecoin

Pepecoin traders remain unfazed by the recent price correction and are adding to their holdings in a move that suggests bullish price action for the tokens in the coming weeks. Even larger market participants are buying up the meme coin even as prices dunk.

Tether reveals Q1 profit

Stablecoin issuer Tether reported $1.48 billion in net profit for the first quarter of the year, double the previous quarter’s result, according to its latest attestation published this week.

BTC/USD gained 0.6% in the last session.

The last session saw Bitcoin gain 0.6% against the Dollar. The Stochastic indicator is giving a negative signal. Support is at 27174.6667 and Resistance is at 28090.6667.

The Stochastic indicator is currently in negative territory.

ETH/USD rose 0.3% in the last session.

Ethereum gained 0.3% against the Dollar in the last session. The MACD is giving a negative signal. Support is at 1819.2367 and Resistance is at 1872.1567.

The MACD is currently in the negative zone.

XRP/USD rose 0.6% in the last session.

The last session saw Ripple rise 0.6% against the Dollar. According to the Stochastic-RSI, we are in an oversold market. Support is at 0.4166 and Resistance is at 0.4366.

The Stochastic-RSI is signalling an oversold market.

LTC/USD skyrocketed 2.3% in the last session.

The Litecoin-Dollar pair exploded 2.3% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 76.3333 and Resistance is at 81.8333.

The Stochastic-RSI is currently in positive territory.

Daily Economic Calendar:

UK Monetary Policy Summary

The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote. The UK's Monetary Policy Summary will be released at 11:00 GMT, Japan's Eco Watchers Survey: Current at 05:00 GMT, Japan's Eco Watchers Survey: Outlook at 05:00 GMT.

JP Eco Watchers Survey: Current

The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends.

JP Eco Watchers Survey: Outlook

The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends.

IE HICP

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). The Irish HICP will be released at 10:00 GMT, the US Producer Price Index at 12:30 GMT, and Australia's Consumer Inflation Expectations at 01:00 GMT.

US Producer Price Index

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

AU Consumer Inflation Expectations

The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions.

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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