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Tesla made no changes to its bitcoin holdings
Electric car maker Tesla did not buy or sell any bitcoin in the first quarter of 2023, the company reported in its earnings release. The value of digital assets held by Elon Musk’s company at quarter’s end was $184 million, flat from the fourth quarter of 2022.
UK may have crypto regulation soon
The United Kingdom could lay out digital asset regulation within 12 months, a British lawmaker claimed, saying the country wants to capitalize on the benefits that blockchain can bring to the private sector and economy.
Over $250 million in liquidations as Bitcoin slips
Bitcoin’s price dropped by over 4.5% in the space of a few hours, reaching new weekly lows of $29,150. The price drop caused a total of $250 million in liquidations across the entire crypto market over the past 24 hours, with the majority of the orders being long.
BTC/USD dove 3.9% in the last session.
The Bitcoin-Dollar pair dove 3.9% in the last session. The Williams indicator is giving a negative signal. Support is at 28708.6667 and resistance at 31312.6667.
The Williams indicator is giving a negative signal.
ETH/USD dove 6.0% in the last session.
The Ethereum-Dollar pair plummeted 6.0% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 2029.4167 and resistance at 2158.2367.
The Stochastic-RSI points to an oversold market.
XRP/USD plummeted 7.1% in the last session.
The Ripple-Dollar pair plummeted 7.1% in the last session. The RSI is giving a negative signal. Support is at 0.4974 and resistance at 0.5561.
The RSI is currently in the negative zone.
LTC/USD dove 8.5% in the last session.
The Litecoin-Dollar pair plummeted 8.5% in the last session. The RSI is giving a negative signal. Support is at 95.581 and resistance at 106.21.
The RSI is currently in the negative zone.
Daily Economic Calendar:
DE 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. Germany’s Producer Price Index will be released at 06:00 GMT, the UK’s Rightmove House Price Index at 23:01 GMT, and the US Continuing Jobless Claims at 12:30 GMT.
UK Rightmove House Price Index
The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market.
US Continuing Jobless Claims
The Counting Jobless Claims measure the number of individuals who are unemployed and are currently receiving unemployment benefits.
EMU Consumer Confidence
The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The Eurozone’s Consumer Confidence will be released at 14:00 GMT, Japan’s National Consumer Price Index at 23:30 GMT, the UK’s GfK Consumer Confidence at 23:01 GMT.
JP National Consumer Price Index
The National Consumer Price Index is a measure of price movements obtained by comparing the retail prices of a representative shopping basket of goods and services.
UK GfK Consumer Confidence
The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
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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