USDC Stablecoin Regains Dollar Peg, Crypto Daily TV 14/3/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=J3bKi-gFJTc

USDC stablecoin regains dollar peg after Silicon Valley Bank-induced chaos. 

The USDC stablecoin regained its peg to the U.S. dollar, after falling below the $1 value it was supposed to hold as the federal banking and finance regulators said on Sunday that all depositors in Silicon Valley Bank will be made whole and have access to their funds on Monday.

IMF warned G-20 that widespread crypto use would impact banks.

The IMF had warned the G20 that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending. The IMF’s report was given to the G-20 in February during a meeting in India, was made public on Monday, days after the collapse of crypto-friendly banks Signature Bank, Silicon Valley Bank and Silvergate Bank.

Marathon says it still has access to assets at Signature Bank.

Bitcoin mining firm Marathon Digital Holdings said it still has access to $142 million in cash deposits at Signature Bank, which was shut down by New York regulators on Sunday. Signature was the third bank with ties to the crypto industry to collapse in one week, after Silvergate Bank’s voluntary liquidation and Silicon Valley Bank’s shutdown by U.S. regulators.

BTC/USD skyrocketed 9.6% in the last session.

The Bitcoin-Dollar pair exploded 9.6% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 19755.6667 and resistance at 23293.6667.

The Stochastic-RSI is signalling an overbought market.

ETH/USD skyrocketed 5.5% in the last session.

The Ethereum-Dollar pair gained 5.5% in the last session after rising as much as 6.7% during the session. The MACD’s positive signal is in line with the overall technical analysis. Support is at 1406.6233 and resistance at 1671.4033.

The MACD is giving a positive signal.

XRP/USD gained 0.4% in the last session.

The Ripple-Dollar pair gained 0.4% in the last session. The ROC is giving a positive signal. Support is at 0.3399 and resistance at 0.387.

The ROC is currently in the positive zone.

LTC/USD exploded 7.1% in the last session.

The Litecoin-Dollar pair skyrocketed 7.1% in the last session. The ROC is giving a positive signal. Support is at 64.461 and resistance at 82.181.

The ROC is currently in the positive zone.

Daily Economic Calendar:

NL Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.  The Dutch Consumer Price Index will be released at 05:30 GMT, the US Consumer Price Index at 12:30 GMT, the UK’s Claimant Count Change at 07:00 GMT.

US Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. 

UK Claimant Count Change

The Claimant Count Change presents the change in the number of unemployed people in the UK. 

JP BoJ Monetary Policy Meeting Minutes

The Bank of Japan publishes a study of economic movements in Japan, known as the meeting minutes, after the actual meeting. Japan’s BoJ Monetary Policy Meeting Minutes will be released at 23:50 GMT, the US Consumer Price Index Core at 12:30 GMT, the UK’s ILO Unemployment Rate at 07:00 GMT.

US Consumer Price Index Core

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

UK ILO Unemployment Rate

The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. 

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.