$170 million down.
Tesla reported that it suffered a $170 million impairment loss on its investment in Bitcoin during the first 9 months of this year, noting that it had also gained roughly $64 million by converting some of the Bitcoin that it owned into fiat money.
British pound fiasco boosts bitcoin’s hedge appeal.
After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency. Trading volumes between bitcoin and the pound jumped 233% in September from the month before.
Ripple’s director of engineering leaves.
Ripple’s chief engineer announced over the weekend that he is leaving the company to chart new horizons, which he chose not to reveal. At Ripple, Bougalis oversaw a series of developments to the ledger’s code base, including the introduction of NFTs, which is scheduled to go live in November.
BTC/USD Fell 0.8% In The Last Session.
Bitcoin dropped 0.8% against the Dollar in the last session. The ROC is giving a positive signal. Support is at 18863.6667 and resistance is at 20067.6667.
The ROC is currently in positive territory.
ETH Dropped 0.3% Against USD In The Last Session.
Ethereum dropped 0.3% against the Dollar in the last session. The RSI is giving a positive signal. Support is at 1276.471 and resistance is at 1414.791.
The RSI is giving a positive signal.
XRP/USD Dove 2.0% In The Last Session.
The Ripple-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 0.4441 and resistance is at 0.4849.
The Stochastic-RSI is currently in positive territory.
LTC/USD Dove 2.4% In The Last Session.
The Litecoin-Dollar pair plummeted 2.4% in the last session. The MACD is giving a positive signal. Support is at 51.0967 and resistance is at 55.4967.
The MACD is currently in positive territory.
Daily Economic Calendar:
US S&P/Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices examine changes in the value of the residential real estate market in 20 regions across the US. The US S&P/Case-Shiller Home Price Indices will be released at 13:00 GMT, the US Consumer Confidence at 14:00 GMT, and the US Redbook Index at 12:55 GMT.
US Consumer Confidence
Consumer Confidence is a leading index that measures consumer confidence in economic activity.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.
DE IFO – Business Climate
The IFO Business Climate index is an early indicator of current conditions and business expectations. The Institute surveys enterprises on their assessment of the economic situation. Germany’s IFO – Business Climate will be released at 08:00 GMT, Germany’s IFO – Current Assessment at 08:00 GMT, and Germany’s IFO – Expectations at 08:00 GMT.
DE IFO – Current Assessment
The IFO Current Assessment is regarded as an indicator of Germany’s current conditions and business expectations. The Institute surveys enterprises to assess their current business situation and short-term planning.
DE IFO – Expectations
The IFO Expectations is regarded as an indicator of business expectations for the next six months. It is based on a survey in which firms rate the future outlook as better, same, or worse.