BTC Down As CFTC Sues Binance, Crypto Daily TV 28/3/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=tyu1gfvMg9Q

Crypto-related stocks drop.

Stocks of crypto companies fell after the U.S. Commodity and Futures Trade Commission sued Binance, the world’s largest cryptocurrency exchange by trading volume, and CEO Changpeng Zhao.

Exit-scam conducted.

Developers behind the Optimism-based lending protocol Kokomo Finance seemed to conduct an exit scam over the weekend after manipulating tokens on the protocol to effectively steal $4 million in user funds.

Bitcoin drops after CFTC sues Binance.

Bitcoin plunged below $27,000 after the U.S. Commodity Futures Trading Commission filed a lawsuit against Binance and its founder Changpeng Zhao over allegations that the exchange knowingly offered unregistered crypto derivatives products in the U.S., a violation of federal law.

BTC/USD dove 3.2% in the last session.

The Bitcoin-Dollar pair plummeted 3.2% in the last session. The Stochastic indicator is giving a negative signal. Support is at 271321 and resistance at 285981.

The Stochastic indicator is giving a negative signal.

ETH/USD plummeted 3.4% in the last session.

The Ethereum-Dollar pair dove 3.4% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 1712.6667 and resistance at 1827.4667.

The Stochastic-RSI points to an oversold market.

XRP/USD exploded 5.8% in the last session.

The Ripple-Dollar pair skyrocketed 5.8% in the last session. The ROC’s positive signal is in line with the overall technical analysis. Support is at 0.428 and resistance at 0.4729.

The ROC is currently in the positive zone.

LTC/USD plummeted 4.3% in the last session.

The Litecoin-Dollar pair dove 4.3% in the last session. The Williams indicator is giving a negative signal.  Support is at 88.7933 and resistance at 97.0933.

The Williams indicator is currently in negative territory.

Daily Economic Calendar:

US S&P/Case-Shiller Home Price Indices

The S&P/Case-Shiller Home Price Indices examines changes in the value of the residential real estate market in 20 regions across the US. The US S&P/Case-Shiller Home Price Indices will be released at 13:00 GMT, Italy’s Business Confidence at 08:00 GMT, the Irish Retail Sales at 10:00 GMT.

IT Business Confidence

The Business Confidence is a survey of the current the business conditions. It indicates the short-term performance of the overall economy.

IE Retail Sales

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

US Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.  The US Consumer Confidence will be released at 14:00 GMT, the US Redbook Index at 12:55 GMT, and Australia’s Retail Sales at 00:30 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.

AU Retail Sales

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

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.