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Japanese Prime Minister Sanae Takaichi: We will boost tax revenue through economic reflation, increasing corporate profits, and raising household income through wage growth, thereby achieving a sustainable fiscal policy and social welfare system.Japanese Prime Minister Sanae Takaichi: What Japan needs right now is to strengthen itself through proactive fiscal policies, rather than excessively tightening fiscal policy.December 17th, Futures News: Economies.com analysts latest view: Spot gold prices have resumed their upward trend in recent intraday trading, thanks to a firm hold above the key support level of $4300, which has laid a solid foundation for this rebound. Meanwhile, the Relative Strength Index (RSI) is releasing positive signals, further strengthening the markets positive momentum. This rise occurred while prices were trading above the 50-day EMA, indicating that although some dynamic pressure remains, this moving average is providing support and helping to stabilize and continue the main upward trend in the short term, especially as prices move along the support trendline of this ascending channel.December 17th, Futures News: Economies.com analysts latest view: WTI crude oil futures have continued their strong rebound in recent intraday trading, benefiting from the solid support level of $55.00, which was also a potential target mentioned in our previous analysis. Currently, WTI crude oil futures are attempting to recover some of their previous losses, supported by positive signals from the Relative Strength Index (RSI), while also trying to shake off their clearly oversold condition.December 17th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices rebounded sharply in the previous trading session, rising after hitting our expected support level of $59.20. Although the main downtrend remains dominant, and the continued negative pressure from prices trading below the 50-day EMA has weakened the chance of a sustained short-term rebound, prices have still recovered some of the previous losses and are attempting to clear the clearly oversold condition on the Relative Strength Index (RSI), especially given the positive signals from relevant technical indicators.

Crypto Market Daily Highlights: XRP Led a Mixed Top Ten Session

Skylar Shaw

Feb 21, 2023 15:21

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The top ten cryptocurrency index had a mixed day on Monday. As MATIC defied the positive trend, XRP was in the lead. BTC failed to maintain control of the $25,000 handle after returning to it for the fourth time in five sessions.


There were no crypto-related events that may have given the overall crypto market direction. BTC reversed early losses with a rebound to $25,000, providing support for the cryptocurrency market.


The SEC and US politicians remained mute on Monday because American markets were closed in observance of George Washington's birthday. Fed, though, Due to persistent fear and regulatory uncertainty, the cryptocurrency market fell short of $1,100 billion for the day.


Investors have no American economic indications to take into account either. Recent US economic data and Fed talk point in favor of a more aggressive interest rate trajectory to achieve goal inflation. The economic statistics have, however, also allayed the immediate concern of a recession, which is optimistic for the cryptocurrency market.

The Coming Day

Investors should keep an eye on the cryptocurrency news wires for anything that might shift the market. With updates from FTX, Genesis, and Silvergate Bank, Binance news will continue to be of interest.


The NASDAQ Composite Index and US economic data will have an impact on the afternoon session.


Focus will be on the preliminary February PMIs for the private sector. We anticipate that the PMI and its sub-components will have a greater impact. The hawkish stance on Fed monetary policy would be supported by an increase in production and input prices as well as a quicker rate of hiring.


This morning's decline of 23.25 points on the NASDAQ mini indicated a gloomy start to the American session. Regulatory action and congressional chitchat, however, will continue to be the major drivers.

The cryptocurrency market recovers after a quiet Monday session.


The Monday session was rocky. The crypto market cap saw a negative start to the day, falling to an early low of $1,045 billion before regaining support in the late morning. The market capitalization of cryptocurrencies surged to a late afternoon high of $1,098 billion before declining.


Despite a late decline, the cryptocurrency market cap closed at $1,083 billion, up $19.29 billion from the previous day.


The cryptocurrency market is on track to post a second straight monthly increase after last week's advances. The market capitalization of cryptocurrencies is presently at $79 billion despite the heightened regulatory scrutiny. The cryptocurrency market value increased by $248.52 billion in January.


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