Bitcoin congestion issues forced Binance to temporarily suspend bitcoin withdrawals over the weekend.
In Todays Headline TV CryptoDaily News:
Peer-to-peer Bitcoin exchange Paxful back online
Peer-to-peer bitcoin exchange Paxful has resumed operations after being shut down for over a month. Paxful shut down in April after CEO Ray Youssef expressed concerns about the safety of customer funds as a result of a lawsuit by co-founder Artur Schaback, who sued Youssef and the company for wrongful termination.
Pepecoin drops nearly 45%
Pepecoin holders may be taking profits on their positions following one of the most spectacular rises in the history of altcoins with an almost 5,000,000% rise in the past few weeks. The tokens are down nearly 45% after setting a peak last week
Meme-coin mania, Binance congestion issues
The largest cryptocurrency by market capitalization was recently trading at around $27,350, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend.
BTC/USD plummeted 3.3% in the last session.
The Bitcoin-Dollar pair plummeted 3.3% in the last session. The CCI indicates an oversold market. Support is at 279901 and Resistance is at 294121.
The CCI is signalling an oversold market.
ETH/USD dove 1.6% in the last session.
The Ethereum-Dollar pair dove 1.6% in the last session. According to the Williams indicator, we are in an oversold market. Support is at 1830.6433 and Resistance is at 1951.5433.
The Williams indicator points to an oversold market.
XRP/USD plummeted 6.1% in the last session.
The Ripple-Dollar pair plummeted 6.1% in the last session. The ROC's negative signal is in line with the overall technical analysis. Support is at 0.4377 and Resistance is at 0.4658.
The ROC is currently in negative territory.
LTC/USD plummeted 7.7% in the last session.
The Litecoin-Dollar pair dropped 7.7% in the last session after rising as much as 2.3% during the session. The Stochastic-RSI indicates an oversold market. Support is at 82.0133 and Resistance is at 85.3733.
The Stochastic-RSI is signalling an oversold market.
Daily Economic Calendar:
JP JP Foreign Reserves
The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank. Japan's JP Foreign Reserves will be released at 23:50 GMT, the French Exports at 06:45 GMT, and Japan's 10-y Bond Auction at 03:35 GMT.
FR Exports
The Exports measure the total exports of goods and services by the local economy. Steady demand for exports helps to support growth in the trade surplus.
JP 10-y Bond Auction
The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates.
US NFIB Business Optimism Index
The NFIB Business Optimism Index is the result of Small Business Economic Trends data collected from quarterly surveys since 1974 and monthly surveys since 1986. The US NFIB Business Optimism Index will be released at 10:00 GMT, the French Imports at 06:45 GMT, and the US Redbook Index at 12:55 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.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.
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