Crypto Funding Plunges In 2022, Crypto Daily TV 27/12/2022

In Todays Headline TV CryptoDaily News: Crypto funding plunged in 2022. VC investments in blockchain startups soared to a record $25.2 billion in 2021. In 2022, funding slowed dramatically and is projected to be about one-third of 2021’s record, following a wave of fallen companies, including hedge fund Three Arrows Capital, lender Celsius Network and exchange giant FTX. Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners. The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. Bankman-Fried's incredible shrinking ‘$250 million bond’. News outlets all around the globe reported that Bankman-Fried got out of jail by posting a gargantuan, unprecedented “$250 million bond.” In court, Assistant U.S. Attorney Nicholas Roos described it as the “largest ever” pretrial bond. BTC/USD traded sideways in the last session. The Bitcoin-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal. Support is at 167131 and resistance at 169411. The Stochastic indicator is currently in positive territory. ETH/USD saw a minor dip of 0.1% in the last session. The Ethereum dipped a slight 0.1% against the Dollar in the last session. The Ultimate Oscillator gives a positive signal. Support is at 1191.9767 and resistance at 1237.1167. The Ultimate Oscillator is currently in positive territory. XRP/USD skyrocketed 6.1% in the last session. The Ripple-Dollar pair rose 6.1% in the last session after gaining as much as 6.9% during the session. The ROC gives a positive signal. Support is at 0.3392 and resistance is at 0.3551. The ROC is currently in positive territory. LTC/USD rose 0.9% in the last session. The Litecoin-Dollar pair rose 0.9% in the last session. The Stochastic indicator is giving a positive signal. Support is at 63.8433 and resistance is at 72.2633. The Stochastic indicator is currently in the positive zone. 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 14:00 GMT, the US Dallas Fed Manufacturing Business Index at 15:30 GMT, and Finland's Consumer Confidence at 06:00 GMT. US Dallas Fed Manufacturing Business Index The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state's factory activity. FI Consumer Confidence Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. FI Industrial Confidence Industry Confidence shows the opinion of manufacturing executives regarding production expectations, order books, and finished goods inventories. Finland's Industrial Confidence will be released at 06:00 GMT, Japan's Industrial Production at 23:50 GMT, and Japan's Annualized Housing Starts at 05:00 GMT. JP Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. JP Annualized Housing Starts The Annualized Housing Starts captures how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. 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.