Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis.
In Todays Headline TV CryptoDaily News:
G7 to collaborate on tighter crypto regulation.
The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world. Among G7 members, Japan already regulates cryptocurrencies, while the European Union’s Markets in Crypto-Assets regulation is set to go into effect in 2024.
Euler Finance hacker sends 51,000 stolen Ether back to protocol.
The hacker behind Euler Finance’s $200 million exploit earlier this month returned a majority of the stolen funds to the protocol. Euler's native EUL tokens were up 25%, with the majority of the move coming after the hacker returned tokens to the protocol – which may have fueled positive sentiment among traders.
Bitcoin surged 40% since SVB's collapse.
Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis. The cryptocurrency has surged nearly 40% since early March when SVB's collapse unleashed mayhem in the banking system.
BTC/USD skyrocketed 1.0% in the last session.
The Bitcoin-Dollar pair skyrocketed 1.0% in the last session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 268721 and resistance at 280841.
The MACD is currently in the positive zone.
ETH/USD gained 0.9% in the last session.
The Ethereum-Dollar pair gained 0.9% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 1692.271 and resistance at 1786.651.
The Stochastic-RSI points to an oversold market.
XRP/USD rose 0.3% in the last session.
The Ripple rose 0.3% against the Dollar in the last trading session. The Stochastic indicator's positive signal is in line with the overall technical analysis. Support is at 0.4013 and resistance at 0.4855.
The Stochastic indicator is giving a positive signal.
LTC/USD skyrocketed 1.3% in the last session.
The Litecoin-Dollar pair skyrocketed 1.3% in the last session. The MACD's positive signal is in line with the overall technical analysis. Support is at 87.91 and resistance at 95.781.
The MACD is currently in the positive zone.
Daily Economic Calendar:
US Dallas Fed Manufacturing Business Index
The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state's factory activity. The US Dallas Fed Manufacturing Business Index will be released at 14:30 GMT, the US 3-Month Bill Auction at 15:30 GMT, and Germany's IFO – Business Climate at 08:00 GMT.
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.
DE IFO – Business Climate
The IFO Business Climate index is regarded as an early indicator of current conditions and business expectations. The Institute surveys enterprises on their assessment of the economic situation.
DE IFO – Current Assessment
The IFO Current Assessment regarded as an indicator of current conditions and business expectations in Germany. The Institute surveys enterprises on their assessment of the current business situation and their short-term planning. Germany's IFO – Current Assessment will be released at 08:00 GMT, Japan's Coincident Index at 05:00 GMT, Japan's Leading Economic Index at 05:00 GMT.
JP Coincident Index
The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy.
JP Leading Economic Index
The Leading Economic Index is an economic indicator that consists of 12 indices such as account inventory ratios, machinery orders, stock prices and other leading economic indicators.
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.