#Crypto_Jobs🎯 Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?
Michael Selig has been sworn in as the new Chair of the Commodity Futures Trading Commission, succeeding Caroline Pham. Selig plans to set up "commonsense rules" to establish the US as the "Crypto Capital of the World."Trump has been opting for crypto-aligned candidates to lead key agencies under his administration.#Binance
#USDTfree US weekly Initial Jobless Claims decline to 214,000 vs. 223,000 expected Initial Jobless Claims in the US fell by 10,000 in the week ending December 20.The US Dollar Index holds steady near 98.00 in the American session. Market reaction.
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 97.92.
#usdjpy corrects further to near 155.80, gives up entire BoJ policy-led gains#WriteToEarnUpgrade USD/JPY surrenders its entire gains made on the BoJ policy announcement day, and retraces to near 155.80. Investors are in vogue over the outlook of the BoJ’s monetary tightening campaign. The #Fed is expected to cut interest rates by at least 50 bps next year. The pair has given up its entire gains made following the monetary policy announcement by the Bank of Japan (BoJ) on Thursday, in which it raised interest rates by 25 basis points (bps) to 0.75%. The Japanese Yen (JPY) fell sharply as the BoJ didn’t provide guidance on the scope and timeframe for further interest rate hikes.
Top 3 Price Prediction: #bitcoin , #etherreum , #Ripple – BTC, ETH and XRP face downside risks as b
Bitcoin hovers near $87,400 on Wednesday after failing to secure a breakout above the $90,000 resistance. Ethereum slips below $3,000 after being rejected at its daily resistance level of $3,017.XRP trades around $1.86, edging lower after failing to break through key resistance near $1.96.Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to trade in red on Wednesday as recent breakout attempts lose momentum near key resistance levels. BTC failed to reclaim the $90,000, ETH slipped below $3,000, while XRP faced rejection near $1.96. Traders should be cautious as the near-term outlook for the top three cryptocurrencies remains bearish. Bitcoin faces rejection from the $90,000 mark Bitcoin price was retested at the psychological level of $90,000 on Monday and declined slightly the following day. At the time of writing on Wednesday, BTC hovers at around $87,400.If BTC continues its correction, it could extend the decline toward the key support at $85,569.#BinanceSquareTalks
Ethereum faces a pullback as it fails to close above key resistance Ethereum price was rejected from the daily resistance level at $3,017 on Monday and declined 1.48% the next day. As of Wednesday, ETH is trading down at $2,944. If ETH continues its correction, it could extend the decline toward the key support at $2,749. The RSI is 44, below its neutral level of 50, indicating that bearish momentum is gaining traction. The MACD lines are also converging, indicating indecision among traders.
#Xpr was retested and rejected around the daily resistance level at $1.96 on Sunday, and it declined by 2.66% over the next two days. As of Wednesday, XRP is trading at $1.86. If XRP continues its pullback, it could extend the decline toward the December 19 low of $1.77. The RSI on the daily chart reads 42 below its neutral level of 50, indicating bearish momentum. The MACD lines are also converging, indicating indecision among traders. XRP/USDT daily chart
On the other hand, if XRP recovers, it could extend the advance toward the daily resistance at $1.96.