DEX Volume Jumped In March, Crypto Daily TV 6/4/2023

In Todays Headline TV CryptoDaily News:

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

Decentralized exchanges had most volume in 10 months.

Decentralized exchanges had a large jump in cryptocurrency trading volume in March as U.S. regulators went after their centralized counterparts including Kraken, Coinbase and Binance. Volume on DEXs reached $133.1 billion, the third consecutive monthly increase.

Ether jumps ahead of Shapella upgrade.

An upcoming upgrade on the Ethereum network is funneling capital to ether and staking-focused tokens as traders likely expect higher prices for these assets in the future. Ether jumped to over $1900, it’s highest price since August 2022.

PostFinance to roll out crypto services for clients.

PostFinance, the financial services firm fully owned by the Swiss government, will offer its customers a range of regulated crypto services. Thanks to the partnership with digital assets bank Sygnum, its customers can now buy, store, and sell cryptocurrencies such as Bitcoin and Ethereum.

BTC/USD remained largely unchanged in the last session.

The Bitcoin-Dollar price remained largely unchanged in the last session. The Stochastic-RSI’s negative signal contradicts our overall technical analysis. Support is at 27315.6667 and resistance at 28863.6667.

The Stochastic-RSI is currently in the negative zone.

ETH/USD skyrocketed 1.9% in the last session.

The Ethereum-Dollar pair skyrocketed 1.9% in the last session. The RSI’s positive signal is in line with the overall technical analysis. Support is at 1768.5833 and resistance at 1938.3833.

The RSI is currently in positive territory.

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

The Ripple got a slight bump of 0.2% against the Dollar in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.4788 and resistance at 0.5196.

The Ultimate Oscillator is currently in negative territory.

LTC/USD remained largely unchanged in the last session.

The Litecoin-Dollar pair traded sideways in the last session. The ROC is giving a negative signal, going against our overall technical analysis. Support is at 90.311 and resistance at 95.091.

The ROC is currently in the negative zone.

Daily Economic Calendar:

FI Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Finland’s Trade Balance will be released at 06:00 GMT, Finland’s Industrial Output at 05:00 GMT, and the US Continuing Jobless Claims at 12:30 GMT.

FI Industrial Output

The Industrial Output shows the production volume of industries, i.e., factories and manufacturing.

US Continuing Jobless Claims

The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits.

AU Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus. Australia’s Exports will be released at 01:30 GMT, Japan’s Overall Household Spending at 23:30 GMT, and the US Initial Jobless Claims at 12:30 GMT.

JP Overall Household Spending

The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism.

US Initial Jobless Claims

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

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.