Bitcoin Mining Difficulty Drops, Crypto Daily TV 7/12/2022

In Todays Headline TV CryptoDaily News:

Bitcoin mining difficulty drops over 7%.

The difficulty of mining a bitcoin block fell by 7.32%, most since July 2021, with miners powering off machines as a brutal bear market eats into profit.

Rep. Madison Cawthorn Ordered To Pay $14k After Breaking Rules Over ‘Meme’ Crypto

The House Ethics Committee found the departing congressman financially benefited from a cryptocurrency that he was promoting and violated conflict of interest rules.

East African Bitcoin miner Gridless raises $2M seed round.

Gridless, a bitcoin mining company that helps generate new sources of energy in East African rural communities, has secured a $2 million seed investment round led by Stillmark and Jack Dorsey co-founded payments firm Block, the company announced.

The Bitcoin-Dollar pair gained a moderate 0.1% in the last session.

The Bitcoin-Dollar pair made a minor upwards correction in the last session, gaining 0.1%. The CCI is giving a negative signal. Support is at 16559.3333 and resistance at 17627.3333.

The CCI is currently in the negative zone.

ETH dropped 0.3% against USD in the last session.

The last session saw the Ethereum drop 0.3% against the Dollar. The Stochastic indicator is giving a negative signal. Support is at 1215.5267 and resistance at 1325.8467.

The Stochastic indicator is currently in negative territory.

The Ripple-Dollar pair gained a moderate 0.1% in the last session.

The Ripple-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The MACD is giving a positive signal. Support is at 0.3731 and resistance at 0.4032.

The MACD is giving a positive signal.

LTC/USD plummeted 1.7% in the last session.

The Litecoin-Dollar pair plummeted 1.7% in the last session. The Williams indicator is giving a negative signal. Support is at 73.221 and resistance at 87.461.

The Williams indicator is giving a negative signal.

Daily Economic Calendar:

FR Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts, or grants) from non-residents to residents. The French Imports will be released at 07:45 GMT, Japan’s Current Account at 23:50 GMT, and the US Unit Labor Costs at 13:30 GMT.

JP Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.

US Unit Labor Costs

The Unit Labor Cost shows the total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices, and inflation.

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. The US MBA Mortgage Applications will be released at 12:00 GMT, Australia’s Gross Domestic Product at 00:30 GMT, Japan’s Gross Domestic Product at 23:50 GMT.

AU Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

JP Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

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