$BTC Sitting Steady Above $25,000, Crypto Daily TV 17/3/2023

In Todays Headline TV CryptoDaily News:

XRP lawsuit ruling will not affect global business operations.

The court ruling in a lawsuit brought by the U.S. Securities and Exchange Commission against payments processor Ripple Labs will have minimal impact on the company’s global business expansion, Ripple’s APAC region policy director Rahul Advani said at a press conference.

Shiba Inu token falls 10%.

Shiba Inu prices fell 10% amid drama surrounding the codebase of the upcoming Shibarium blockchain. The euphoria surrounding the launch paused after a top-ranked community member flagged concerns that Shibarium beta testnet using the same Chain ID as an existing blockchain. 

Bitcoin holds steady above $25K.

Bitcoin maintained steady above $25,000 after the Swiss National Bank seemed to head off a European banking crisis by agreeing to lend troubled investment bank Credit Suisse about $50 billion, and investors’ hopes rose that the U.S. central bank would turn more dovish at its next rate-setting meeting.

BTC/USD skyrocketed 2.6% in the last session.

The Bitcoin-Dollar pair exploded 2.6% in the last session. The ROC is giving a positive signal. Support is at 23195.6667 and resistance at 25807.6667.

The ROC is currently in the positive zone.

ETH/USD exploded 1.3% in the last session.

The Ethereum-Dollar pair exploded 1.3% in the last session. According to the CCI, we are in an overbought market. Support is at 1558.7533 and resistance at 1761.9533.

The CCI points to an overbought market.

XRP/USD exploded 1.5% in the last session.

The Ripple-Dollar pair exploded 1.5% in the last session. The RSI is giving a negative signal, which matches our overall technical analysis. Support is at 0.3439 and resistance at 0.3833.

The RSI is currently in negative territory.

LTC/USD exploded 2.8% in the last session.

The Litecoin-Dollar pair rose 2.8% in the last session after gaining as much as 4.3% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 68.7967 and resistance at 89.1767.

The Ultimate Oscillator is currently in the positive zone.

Daily Economic Calendar:

EMU Harmonized Index of Consumer Prices

The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). The Eurozone’s Harmonized Index of Consumer Prices will be released at 10:00 GMT, the Eurozone’s Labor Cost at 10:00 GMT, the UK’s Consumer Inflation Expectations at 09:30 GMT.

EMU Labor Cost

The quarterly Labor Cost shows the short-term development of the total hourly costs of maintaining their employees incurred by employers.

UK Consumer Inflation Expectations

The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions.

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 19:30 GMT, Japan’s Tertiary Industry Index at 04:30 GMT, the US Capacity Utilization at 13:15 GMT.

JP Tertiary Industry Index

The Tertiary Industry Index is an indicator of the health of the domestic service sector and related economic factors.

US Capacity Utilization

The Capacity Utilization is the percentage of production capacity which is actually used over a short time period. It is indicative of overall growth and demand.

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.