Binance.US Struggles to Secure Banking, Crypto Daily TV 10/4/2023

In Today’s Headlines TV CryptoDaily News:

https://www.youtube.com/watch?v=xmmwTO5hsj8

Despite Objections.

Texas lawmakers propose a gold-backed state digital currency.

Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency.

Wiping Losses.

ETH price set for more gains versus Bitcoin in April.

Ether dropped by over 7.5% in its Bitcoin pair in 2023. But ETH/BTC may wipe its year-to-date losses entirely in April, as Ethereum’s long-awaited Shanghai hard fork is just days away.

Challenging.

Binance.US is unable to find bank partners in the US.

The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country, after the failures of Silvergate and Signature Bank.

BTC/USD gained 0.8% in the last session.

The last session saw Bitcoin gain 0.8% against the Dollar. The MACD’s negative signal contradicts our overall technical analysis. Support is at 27662.3333 and Resistance is at 28254.3333

The MACD is currently in the negative zone.

ETH/USD rose 0.4% in the last session.

The Ethereum-Dollar pair rose 0.4% in the last session. The CCI is giving a negative signal. Support is at 1827.2267 and Resistance is at 1889.9867.

The CCI is currently in the negative zone.

XRP/USD traded sideways in the last session.

The Ripple-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.496 and Resistance is at 0.5174

The Stochastic indicator is currently in negative territory.

LTC/USD saw a minor rise of 0.2% in the last session. 

Litecoin got a slight bump of 0.2% against the Dollar in the last session. The MACD is giving a negative signal. Support is at 88.1633 and Resistance is at 92.2233.

The MACD is currently in negative territory.

Daily Economic Calendar: 

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.

The US 3-Month Bill Auction will be released at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT, and Japan’s Consumer Confidence Index at 05:00 GMT.

US 6-Month Bill Auction

The auction sets the average yield on the bills auctioned by the US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.

JP Consumer Confidence Index

The Consumer Confidence captures the sentiment that individuals have regarding economic activity. A high level of consumer confidence indicates a stronger economy.

JP Eco Watchers Survey: Current

The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends.

Japan’s Eco Watchers Survey: Current will be released at 05:00 GMT, Japan’s Eco Watchers Survey: Outlook at 05:00 GMT, and the UK’s BRC Like-For-Like Retail Sales at 23:01 GMT.

JP Eco Watchers Survey: Outlook

The Eco Watchers Survey closely monitors regional economic trends. The survey is considered as basic material for assessing short-term economic trends.

UK BRC Like-For-Like Retail Sales

The British Retail Consortium Like-For-Like Retail Sales measure changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis.

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.