Crypto Daily – Daily Crypto And Financial News 20/07/2022, Crypto Marketcap Reclaims $1T

FBI warns fake crypto apps to cost investors $42.7M.

The Federal Bureau of Investigation has raised alarms over the growth of fake cryptocurrency wallets that continue to defraud unsuspecting investors. The agency said 244 victims had lost around $42.7 million to scams related to fake cryptocurrency applications.

Total crypto market cap reclaims $1 trillion

The crypto market capitalization pushed above $1 trillion after notable weekly double-digit gains from BTC, ETH, and several large-cap altcoins.

The largest bank in the eurozone to launch crypto custody platform.

BNP Paribas, a leading private bank in the Eurozone, is reportedly entering the custody space for bitcoin and other cryptocurrencies. The bank will partner with Metaco, a Swiss digital asset custody firm with existing banking partnerships.

BTC/USD exploded 4.5% in the last session.

The Bitcoin-Dollar pair exploded 4.5% in the last session. According to the CCI, we are in an overbought market. Support is at 200101 and resistance at 239821.

The CCI points to an overbought market.

ETH dropped 0.8% against the USD in the last session.

The last session saw Ethereum fall 0.8% against the Dollar. The Williams indicator indicates an overbought market. Support is at 1250.0433 and resistance at 1758.1633.

The Williams indicator points to an overbought market.

XRP/USD skyrocketed 1.4% in the last session.

The Ripple-Dollar pair skyrocketed 1.4% in the last session. According to the Williams indicator, we are in an overbought market. Support is at 0.3324 and resistance is at 0.3864.

The Williams indicator is signalling an overbought market.

The last session saw LTC fall 0.3% against USD.

The Litecoin-Dollar pair dropped 0.3% in the last session after rising as much as 1.4% during the session. The RSI is giving a positive signal, which matches our overall technical analysis. Support is at 53.8267, and resistance is at 61.7067.

The RSI is giving a positive signal.

Daily Economic Calendar:

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, the US Existing Home Sales at 14:00 GMT, Japan’s Exports at 23:50 GMT.

US Existing Home Sales

The Existing Home Sales estimate housing market conditions, which are indicative of the overall economy.

JP Exports

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

JP Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents. Japan’s Imports will be released at 23:50 GMT, the UK’s Core Consumer Price Index at 06:00 GMT, and the UK’s Consumer Price Index at 06:00 GMT.

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.

UK Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of 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.