BTC Reaches Highest Level Since August, Crypto Daily TV 3/2/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=bHJDcyU_50Q

Solana DeFi project Friktion shuts down its user platform.

Solana decentralized finance platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement. The project’s website will no longer deliver the same services, operating in a withdrawal-only mode for all Volts and making deposits unavailable.

Bitcoin hovers near highest since August.

Bitcoin hovered near the highest since August as investors took Federal Reserve Chair Jerome Powell’s comments about progress on inflation as a sign that a less harsh monetary-policy backdrop lies ahead.

Crypto miner Pow.re raises $9.2M Series A at $150M valuation.

Canadian crypto mining firm Pow.re announced that it had closed a $9.2 million Series A round as well as a $18 million strategic investment. The Series A valued the company at $150 million and was led crypto asset management platform Haru Invest.

BTC/USD dove 1.0% in the last session.

The Bitcoin-Dollar pair plummeted 1.0% in the last session. The Williams indicator is giving a negative signal. Support is at 22439.6667 and resistance at 24443.6667.

The Williams indicator is currently in negative territory.

ETH/USD traded sideways in the last session.

The Ethereum-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal. Support is at 1529.51 and resistance at 1703.621.

The Stochastic indicator is currently in positive territory.

The last session saw XRP fall 0.9% against USD.

The Ripple dropped 0.9% against the Dollar in the last session. The MACD is giving a negative signal. Support is at 0.3898 and resistance at 0.4274.

The MACD is currently in negative territory.

LTC/USD plummeted 2.0% in the last session.

The Litecoin-Dollar pair dove 2.0% in the last session. The ROC is giving a negative signal. Support is at 90.2167 and resistance at 107.4567.

The ROC is currently in negative territory.

Daily Economic Calendar:

FR Industrial Output

The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing. The French Industrial Output will be released at 07:45 GMT, the US Nonfarm Payrolls at 13:30 GMT, the US ISM Services PMI at 15:00 GMT.

US Nonfarm Payrolls

The Nonfarm Payrolls presents the number of new jobs created during the previous month excluding the agricultural sector.

US ISM Services PMI

The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan’s CFTC JPY NC Net Positions will be released at 20:30 GMT, the UK’s CFTC GBP NC Net Positions at 20:30 GMT, and the Eurozone’s Producer Price Index at 10:00 GMT.

UK CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

EMU 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.

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.