Cryptocurrency Market Rallies, Crypto Daily TV 15/3/2023 $BTC

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=U-OHUdXF5Zk

Bitcoin price breaks $26K.

The price of Bitcoin saw a sharp uptick over $26,000 as the United States Department of Labor released the latest Consumer Price Index data for February 2023. 

Cryptocurrencies rally.

Cryptocurrencies surged, even after regulators announced the closure of Signature Bank, the last major crypto bank in the U.S. Investors were also betting that the Fed will be less aggressive in raising interest rates now that authorities have stepped in to limit the fallout from SVB and Signature.

UK bank NatWest limits daily crypto payments.

NatWest has joined the ranks of U.K. banks imposing restrictions on its customers making payments to cryptocurrency exchanges. Customers will be limited to payments of 1,000 British pounds per day and 5,000 British pounds over a 30-day period.

BTC/USD exploded 1.1% in the last session.

The Bitcoin-Dollar pair exploded 1.1% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 208771 and resistance at 262151.

The Stochastic-RSI points to an overbought market.

ETH/USD skyrocketed 1.1% in the last session.

The Ethereum-Dollar pair skyrocketed 1.1% in the last session. The RSI’s positive signal is in line with the overall technical analysis. Support is at 1518.8967 and resistance at 1767.4367.

The RSI is currently in the positive zone.

XRP/USD saw a minor dip of 0.2% in the last session.

The Ripple-Dollar pair dropped 0.2% in the last session after rising as much as 3.8% during the session. The ROC is giving a positive signal. Support is at 0.3459 and resistance at 0.3931.

The ROC is currently in the positive zone.

LTC/USD skyrocketed 1.1% in the last session.

The Litecoin-Dollar pair exploded 1.1% in the last session. The CCI is giving a positive signal. Support is at 71.3533 and resistance at 87.9733.

The CCI is giving a positive signal.

Daily Economic Calendar:

US Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The US Retail Sales will be released at 12:30 GMT, the US Producer Price Index at 12:30 GMT, and the Eurozone’s Industrial Production at 10:00 GMT.

US Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing.

EMU 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 the industrial production.

FR Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The French Consumer Price Index will be released at 07:45 GMT, Japan’s Exports at 23:50 GMT, Japan’s Imports at 23:50 GMT.

JP Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus.

JP Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents. 

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.