Coinbase Delisting BUSD, Crypto Daily TV 28/2/2023

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In Todays Headline TV CryptoDaily News:

Coinbase to delist Binance USD stablecoin.

Cryptocurrency exchange Coinbase warned customers the company will suspend trading for Binance USD in less than a month, two weeks after Paxos Trust disclosed it will stop minting the Binance-branded stablecoin, citing regulatory pressure.

Crypto lawyers flame Gensler over crypto=securities claims.

SEC chair, Gary Gensler, stated all cryptocurrencies besides Bitcoin are securities under his agency’s jurisdiction, but crypto lawyers have quashed the claim saying it’s up to the courts to decide.

BTC keeps pushing.

Bitcoin keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and keeps bulls’ hopes alive.

BTC/USD fell 0.5% in the last session.

The Bitcoin-Dollar pair fell 0.5% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 22851.3333 and resistance at 24023.3333.

The Ultimate Oscillator is currently in negative territory.

ETH/USD dropped 0.7% in the last session.

The Ethereum dropped 0.7% against the Dollar in the last session. The Williams indicator is giving a negative signal. Support is at 1566.2167 and resistance at 1686.4767.

The Williams indicator is currently in the negative zone.

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

The Ripple-Dollar pair made a minor upwards correction in the last session, rising 0.2%. The Stochastic-RSI indicates an oversold market. Support is at 0.3717 and resistance at 0.3837.

The Stochastic-RSI is signalling an oversold market.

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LTC/USD plummeted 1.7% in the last session.

The Litecoin-Dollar pair dove 1.7% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 91.7967 and resistance at 97.2567.

The Stochastic-RSI points to an oversold market.

Daily Economic Calendar:

US S&P/Case-Shiller Home Price Indices

The S&P/Case-Shiller Home Price Indices examines changes in the value of the residential real estate market in 20 regions across the US. The US S&P/Case-Shiller Home Price Indices will be released at 14:00 GMT, the US Chicago Purchasing Managers’ Index at 14:45 GMT, Australia’s Retail Sales at 00:30 GMT.

US Chicago PMI

The Chicago Purchasing Managers Index released by ISM-Chicago captures the business conditions across Illinois, Indiana and Michigan. 

AU Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

JP Construction Orders

The Construction Orders released by the Ministry of Land, Infrastructure, Transport and Tourism shows the number of orders received by construction companies. Japan’s Construction Orders will be released at 05:00 GMT, the Dutch Retail Sales at 05:30 GMT, Japan’s Annualized Housing Starts at 05:00 GMT.

NL Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

JP Annualized Housing Starts

The Annualized Housing Starts captures how many new single-family homes or buildings were constructed on an annualized basis. It is a key indicator of the housing market.

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.

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Source: ryptodaily.co.uk

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