Crypto Daily – Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

by Ryan Bubinski
7 ways to make with crypto


Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

In Todays Headline TV CryptoDaily News:

Bitcoin miner Genesis Digital secures 708 MW capacity.

According to a press release, Genesis Digital Assets, one of the leading industrial bitcoin miners in the U.S., just acquired an additional 708 megawatts of operating capacity with the potential to scale.

Report: Unregulated RenBridge helps criminals launder $540 million in crypto

According to a new report, an unregulated cryptocurrency cross-chain bridge used to transfer the value between blockchains facilitated the laundering of at least $540 million in proceeds for lawbreakers.

Crypto derivatives volumes surge to $3.12 trillion in July.

Cryptocurrency derivatives trading on centralized exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said, as crypto prices show signs of recovery from the recent market crash.

BTC/USD rose 0.8% in the last session.

The Bitcoin-Dollar pair gained 0.8% in the last session after rising as much as 3.8% during the session. The Ultimate Oscillator is giving a negative signal. Support is at 22061.3933 and resistance at 25161.3933.

The Ultimate Oscillator is giving a negative signal.


Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

ETH/USD skyrocketed 1.6% in the last session.

The Ethereum-Dollar pair skyrocketed 1.6% in the last session. The ROC is giving a negative signal. Support is at 1573.7533 and resistance at 2021.0133.

The ROC is giving a negative signal.


Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

XRP fell 0.7% against USD in the last session.

The Ripple-Dollar pair dropped 0.7% in the last session. The Williams indicator is giving a negative signal. Support is at 0.3508 and resistance at 0.3968.

The Williams indicator is currently in the negative zone.


Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

LTC/USD exploded 1.1% in the last session.

The Litecoin-Dollar pair exploded 1.1% in the last session. The RSI is giving a positive signal. Support is at 56.0267 and resistance at 65.0467.

The RSI is currently in positive territory.


Crypto Daily - Crypto And Financial News 12/08/2022, Crypto Derivates Volume Surge To >$3T In July

Daily Economic Calendar:

JP CFTC JPY 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. Japan’s CFTC JPY NC Net Positions will be released at 19:30 GMT, the Eurozone’s Industrial Production at 09:00 GMT, and the UK’s Gross Domestic Product at 06:00 GMT.

EMU Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.

UK Gross Domestic Product

The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

US Michigan Consumer Sentiment Index

The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 14:00 GMT, Finland’s Current Account at 05:00 GMT, the US Export Price Index at 12:30 GMT.

FI Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.

US Export Price Index

The Export Price Index measures the changes in the prices of exported 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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