BNB Chain Burns $500M In Tokens, Crypto Daily TV 18/1/2023

BNB Chain Burns $500M In Tokens, TV 18/1/2023

In Todays Headline TV CryptoDaily News:

BNB Chain burns over $500M in BNB tokens.

BNB Chain has completed the burn of over $500 million worth of its native BNB tokens as part of a broader program. Over 100 million BNB, or half of its total supply, are intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation.

Crypto mining stocks eye best month in a year.

A Bitcoin rebound has put crypto mining stocks on course for their best monthly performance in at least a year, providing some respite from the debt and energy-price worries that pummeled the shares in 2022.

Bank of England governor questions digital pound.

Andrew Bailey, the Bank of England governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro. “We have to be very clear what problem we are trying to solve here before we get carried away by the technology and the idea”, he said.

BTC/USD gained 0.6% in the last session.

The Bitcoin-Dollar pair rose 0.6% in the last session after gaining as much as 1.5% during the session. The ROC is giving a positive signal. Support is at 20311.3333 and resistance at 21875.3333.

The ROC is giving a positive signal.

ETH/USD saw a minor rise of 0.2% in the last session.

The Ethereum-Dollar pair saw a minor rise of 0.2% in the last session. The ROC is giving a positive signal, which matches our overall technical analysis. Support is at 1495.471 and resistance at 1638.911.

The ROC is currently in positive territory.

XRP/USD exploded 1.5% in the last session.

The Ripple-Dollar pair exploded 1.5% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.362 and resistance at 0.4179.

The Ultimate Oscillator is giving a negative signal.

LTC/USD skyrocketed 1.3% in the last session.

The Litecoin-Dollar pair exploded 1.3% in the last session. The MACD is giving a positive signal. Support is at 81.951 and resistance at 91.071.

The MACD is giving a positive signal.

Daily Economic Calendar:

US Fed’s Beige Book

The Beige Book reports on the current economic situation using interviews with key business contacts, economists, market experts, and other sources. The US Fed’s Beige Book will be released at 19:00 GMT, Japan’s BoJ Interest Rate Decision at 03:00 GMT, the Eurozone’s Harmonized Index of Consumer Prices at 10:00 GMT.

JP BoJ Interest Rate Decision

The BoJ Interest Rate Decision is announced by the Bank of Japan. The interest rates are a key mechanism through which the central bank influences inflation.

EMU Harmonized Index of Consumer Prices

The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).

JP BoJ Monetary Policy Statement

The Monetary Policy Statement is released by the Policy Board of the Bank of Japan. The statement gives clues for future changes in monetary policy. Japan’s BoJ Monetary Policy Statement will be released at 03:00 GMT, the UK’s Core Consumer Price Index at 07:00 GMT, and Italy’s Trade Balance EU at 09:00 GMT.

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

IT Trade Balance EU

The Trade Balance measures the net of total exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

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.