NFT Marketplaces Losing Users & Sales, Crypto Daily TV 21/4/2023

In Todays Headline TV CryptoDaily News:

Ensuring client’s best interest

The U.S. Securities and Exchange Commission is advising brokers and investment advisers they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin.

Deribit sets up crypto exchange battle with push into free trading

Crypto derivatives exchange Deribit is launching free trading of bitcoin and other tokens, setting up a fresh price war among digital asset exchanges as they seek to re-emerge after a bruising year for the industry.

NFT marketplaces sales, users drop

The number of daily users and sales has dipped across NFT marketplaces over the last week, according to data pulled from analytics platform Dune, reaching new lows not seen since July 2021.

BTC/USD dove 2.0% in the last session.

The Bitcoin-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 27527.3333 and resistance at 31061.3333.

The Stochastic-RSI is signalling an oversold market.

ETH/USD gained 0.3% in the last session.

Ethereum rose 0.3% against the Dollar in the last trading session. The Stochastic indicator is giving a negative signal. Support is at 1808.8967 and resistance at 2167.8167.

The Stochastic indicator is currently in the negative zone.

XRP/USD plummeted 3.9% in the last session.

The Ripple-Dollar pair fell 3.9% in the last session after gaining as much as 1.6% during the session. The RSI is giving a negative signal. Support is at 0.4309 and resistance at 0.5671.

The RSI is currently in the negative zone.

LTC/USD dove 1.9% in the last session.

The Litecoin-Dollar pair fell 1.9% in the last session after gaining as much as 2.3% during the session. According to the CCI, we are in an oversold market. Support is at 80.8467 and resistance at 106.7067.

The CCI points to an oversold market.

Daily Economic Calendar:

US Baker Hughes US Oil Rig Count

The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, and Japan’s Jibun Bank Services PMI at 00:30 GMT.

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan’s CFTC JPY NC Net Positions will be released at 20:30 GMT, the UK’s Retail Sales at 06:00 GMT, and the UK’s CFTC GBP NC Net Positions at 20:30 GMT.

UK Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

UK CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

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.