Crypto Market Tops $1 Trillion, Crypto Daily TV 17/1/2023

In Todays Headline TV CryptoDaily News:

Bitcoin surge causes over $500M in liquidations.

Crypto markets surged to regain the $1 trillion market capitalisation mark over the weekend amid signs of bottoming and a record number of short liquidations contributing to the uptick.

Crypto.com to fire 20% of employees.

Crypto lending exchange Crypto.com announced that the company will reduce its global workforce by approximately 20 percent amid ongoing economic headwinds and unforeseeable industry events.

Twitter’s crypto price index feature expands

Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens. The new additions are part of the social media giant’s “$Cashtags” feature, announced late last year.

BTC/USD skyrocketed 1.3% in the last session.

The Bitcoin-Dollar pair exploded by 1.3% in the last session. The RSI indicates an overbought market.

The RSI points to an overbought market.

ETH/USD skyrocketed 1.9% in the last session.

The Ethereum-Dollar pair gained 1.9% in the last session after rising as much as 2.9% during the session. The ROC is giving a positive signal.

The ROC is giving a positive signal.

XRP/USD gained 0.9% in the last session.

The Ripple-Dollar pair gained 0.9% in the last session after rising as much as 5.6% during the session. The Ultimate Oscillator is giving a negative signal.

The Ultimate Oscillator is currently in negative territory.

LTC/USD plummeted 1.2% in the last session.

The Litecoin-Dollar pair dove 1.2% in the last session. According to the RSI, we are in an overbought market.

The RSI is signaling an overbought market.

Daily Economic Calendar:

EMU ZEW Survey – Economic Sentiment

The ZEW Survey – Economic Sentiment measures institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic.

The Eurozone’s ZEW Survey – Economic Sentiment will be released at 10:00 GMT, the US Redbook Index at 13:55 GMT, and Japan’s Tertiary Industry Index at 04:30 GMT.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

JP Tertiary Industry Index

The Tertiary Industry Index is an indicator of the health of the domestic service sector and related economic factors.

UK Claimant Count Change

The Claimant Count Change presents the change in the number of unemployed people in the UK.

The UK’s Claimant Count Change will be released at 07:00 GMT, the US 3-Month Bill Auction at 16:30 GMT, Japan’s Machinery Orders at 23:50 GMT.

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.

JP Machinery Orders

The Machinery Orders measure the total value of machinery orders placed at major manufacturers.

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.