BTC Briefly Dips Below $27K, Crypto Daily TV 23/3/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=jMvo8bqt7Wk

European crypto startups raised $5.7B in VC Funding in 2022.

European crypto startups raised a record $5.7 billion in VC funding last year, up from $5 billion in 2021, according to the latest report. The investment cycle followed the global trend of peaking in the second quarter and declining sharply in the first quarter of this year.

Australia regulator seeks risk reports from banks on startups, crypto -report.

Australia’s prudential regulator has started asking the country’s banks to declare their exposure to startups and crypto-focused ventures following the collapse of Silicon Valley Bank, according to the Australian Financial Review.

Bitcoin sinks below $27K.

Bitcoin sank below $27,000 as the U.S. Federal Open Market Committee did as was widely expected, raising interest rates again, this time by a quarter point. The decision reinforces the Federal Reserve’s concerns that inflation remains problematic.

BTC/USD plummeted 3.3% in the last session.

The Bitcoin-Dollar pair plummeted 3.3% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 26831.3333 and resistance at 29075.3333.

The Stochastic-RSI is signalling an overbought market.

ETH/USD dove 4.2% in the last session.

The Ethereum-Dollar pair plummeted 4.2% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 1671.281 and resistance at 1898.181.

The Ultimate Oscillator is currently in negative territory.

XRP/USD plummeted 10.0% in the last session.

The Ripple-Dollar pair plummeted 10.0% in the last session. The Williams indicator is giving a negative signal. Support is at 0.325 and resistance at 0.5645.

The Williams indicator is currently in the negative zone.

LTC/USD skyrocketed 5.0% in the last session.

The Litecoin-Dollar pair gained 5.0% in the last session after rising as much as 6.8% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 74.371 and resistance at 87.451.

The Ultimate Oscillator is giving a positive signal.

Daily Economic Calendar:

US Chicago Fed National Activity Index

The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. The US Chicago Fed National Activity Index will be released at 12:30 GMT, the US Initial Jobless Claims at 12:30 GMT, the Eurozone’s Consumer Confidence at 15:00 GMT.

US Initial Jobless Claims

The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. 

EMU Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. 

JP National Consumer Price Index

The National Consumer Price Index is a measure of price movements obtained by comparing the retail prices of a representative shopping basket of goods and services. Japan’s National Consumer Price Index will be released at 23:30 GMT, Japan’s Foreign Bond Investment at 23:50 GMT, the UK’s Monetary Policy Summary at 12:00 GMT.

JP Foreign Bond Investment

The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

UK Monetary Policy Summary

The Monetary Policy Summary contains the outcome of the vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced the vote.

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.