El Salvador Celebrates 1 Year Of BTC, Crypto Daily TV 08/09/2022

El Salvador marks 1st year of Bitcoin

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial decision by President Nayib Bukele. For the first few months, citizens enthusiastically embraced the new opportunity, but Bitcoin’s value has plummeted since, and some experts say the move has been a failure.

Cryptocurrency price today: Bitcoin up 2.72%, Ethereum zooms 8%, Solana rallies over 5% as crypto markets recover

Cryptocurrency markets are in the green this Thursday morning. Ethereum, Polkadot, and Polygon have gained. Memecoins Shiba Inu and Dogecoin have also rallied over the last 24 hours. Stablecoins have witnessed volatility.

Ripple advisor teases “more CBDC announcements.”

Ripple may soon share new developments relating to its central bank digital currency projects, according to Ripple CBDC advisor Antony Welfare.

BTC/USD Skyrocketed 3.1% In The Last Session.

The Bitcoin-Dollar pair skyrocketed 3.1% in the last session. The MACD is giving a negative signal. Support is at 17730.3773, and resistance is at 20712.8113.

The MACD is currently in negative territory.

ETH/USD Skyrocketed 5.3% In The Last Session.

The Ethereum-Dollar pair rose 5.3% in the last session after gaining as much as 5.8% during the session. The Stochastic-RSI indicates an overbought market. Support is at 1469.5733, and resistance is at 1730.4333.

The Stochastic-RSI is signalling an overbought market.

XRP/USD Skyrocketed 4.4% In The Last Session.

The Ripple-Dollar pair exploded by 4.4% in the last session. The Stochastic indicator gives a positive signal. Support is at 0.3033 and resistance at 0.352.

The Stochastic indicator gives a positive signal.

LTC/USD Skyrocketed 5.8% In The Last Session.

The Litecoin-Dollar pair exploded 5.8% in the last session. The Stochastic indicator’s positive signal contradicts our overall technical analysis. Support is at 48.3467, and resistance is at 65.5267.

The Stochastic indicator gives a positive signal.

Daily Economic Calendar:

AU 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. Australia’s Trade Balance will be released at 01:30 GMT, the US Continuing Jobless Claims at 12:30 GMT, and Australia’s Exports at 01:30 GMT.

US Continuing Jobless Claims

The Counting Jobless Claims measures the number of unemployed individuals who are currently receiving unemployment benefits.

AU Exports

The Exports measure the local economy’s total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus.

US Initial Jobless Claims

The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance. The US Initial Jobless Claims will be released at 12:30 GMT, the French Imports at 06:45 GMT, and Japan’s Eco Watchers Survey: Outlook at 05:00 GMT.

FR Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts, or grants) from non-residents to residents.

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.

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.

Source : cryptodaily.co.uk

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