Bitcoin Daily Transactions Hits New ATH, Crypto Daily TV 2/5/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=Xzo0ga3Mjnc

Bitcoin posts fourth straight month of gains

The most popular cryptocurrency has ended every month since January, higher than where it started, its longest stretch of positive monthly gains since 2021. Bitcoin closed out in April at about $29,200.

Dubai crypto regulator awards first broker-dealer MVP operational license

BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first broker-dealer minimum viable product operational license from Dubai’s crypto regulator, the company said.

Bitcoin sets a new record of daily transactions

The Bitcoin network hit a new all-time high for the number of daily transactions processed. There were more confirmed transactions than it ever had in its 14-year history, beating the previous record set during the 2017 bull run.

BTC/USD plummeted 4.8% in the last session.

The Bitcoin-Dollar pair plummeted 4.8% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 28594.3333 and resistance at 30292.3333.

The Stochastic-RSI is signalling an oversold market.

ETH/USD plummeted 2.9% in the last session.

The Ethereum-Dollar pair dove 2.9% in the last session. The Stochastic indicator is giving a positive signal. Support is at 1823.071 and resistance at 1960.771.

The Stochastic indicator is currently in the positive zone.

XRP/USD plummeted 1.8% in the last session.

The Ripple-Dollar pair dove 1.8% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 0.4606 and resistance at 0.4867.

The Stochastic-RSI is giving a negative signal.

LTC/USD plummeted 2.0% in the last session.

The Litecoin-Dollar pair plummeted 2.0% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 85.6867 and resistance at 92.6067.

The Stochastic-RSI is signalling an oversold market.

Daily Economic Calendar:

US Factory Orders

The Factory Orders is a measure of the total orders of durable and non-durable goods, which can offer insight into inflation and growth in the manufacturing sector. The US Factory Orders will be released at 14:00 GMT, the US Redbook Index at 12:55 GMT, and Germany’s Retail Sales at 06:00 GMT.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

DE Retail Sales

The Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

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). The Eurozone’s Harmonized Index of Consumer Prices will be released at 09:00 GMT, Australia’s RBA Interest Rate Decision at 04:30 GMT, Australia’s RBA Rate Statement at 04:30 GMT.

AU RBA Interest Rate Decision

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

AU RBA Rate Statement

Decisions regarding the interest rates are made by the Reserve Bank Board, and are explained in a media release that announces the decision after each meeting.

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.