Coinbase Stock Takes A Dive, Crypto Daily TV 14/12/2022

In Todays Headline TV CryptoDaily News:

US prosecutors look to charge Binance and executives.

US prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people.

Coinbase Global stock is a falling meat cleaver

Cryptocurrency platform and exchange Coinbase Global stock have fallen alongside the crypto market and the price of bitcoin. However, things worsened after the FTX disaster as it hit new all-time lows of $40.15 last week. The year-end tax loss selling is underway as investors reconsider the merits of cryptocurrency.

Bitcoin group agrees to buy German bank.

Bitcoin Group (ADE), a holding company focusing on the blockchain and cryptocurrency industries, said it agreed to buy all of Germany’s Bankhaus von der Heydt for US$15 million in cash and 150,000 shares.

BTC/USD exploded 3.2% in the last session.

The Bitcoin-Dollar pair gained 3.2% in the last session after rising as much as 4.3% during the session. The Williams indicator indicates an overbought market. Support is at 16769.3333 and resistance at 17487.3333.

The Williams indicator points to an overbought market.

ETH/USD exploded 3.4% in the last session.

The Ethereum-Dollar pair exploded 3.4% in the last session. According to the Williams indicator, we are in an overbought market. Support is at 1227.961 and resistance at 1301.861.

The Williams indicator is signalling an overbought market.

XRP/USD skyrocketed 1.8% in the last session.

The Ripple-Dollar pair exploded 1.8% in the last session. The CCI is giving a positive signal. Support is at 0.3638 and resistance at 0.4014.

The CCI is giving a positive signal.

LTC/USD exploded 1.8% in the last session.

The Litecoin-Dollar pair exploded 1.8% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 72.4067 and resistance at 78.5867.

The Ultimate Oscillator is currently in the positive zone.

Daily Economic Calendar:

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. The Eurozone’s Industrial Production will be released at 10:00 GMT, the US Fed’s Monetary Policy Statement at 19:00 GMT, and the US Fed Interest Rate Decision at 19:00 GMT.

US Fed’s Monetary Policy Statement

Following the Fed’s rate decision, the FOMC released a statement regarding its monetary policy.

US Fed Interest Rate Decision

The Federal Reserve announced the Fed Interest Rate Decision. The interest rates are a key mechanism through which the central bank influences inflation.

FI Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. Finland’s Consumer Price Index will be released at 06:00 GMT, the UK’s Consumer Price Index at 07:00 GMT, and the UK’s Core Consumer Price Index at 07:00 GMT.

UK Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

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.