SEC-Coinbase Drama Unfolds, Crypto Daily TV 30/6/2023

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In Todays Headline TV CryptoDaily News:

Binance loses European banking partner

Binance is on the lookout for a new European banking partner after Paysafe Payment Solutions, a global payment service provider that offers a range of payment solutions for businesses and consumers, announced that it would withdraw support for the crypto exchange.

SEC has no jurisdiction over Coinbase

U.S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U.S. Securities and Exchange Commission’s purview in its first legal response to the regulator’s lawsuit.

Bitcoin and ethereum rocketed higher

Bitcoin and ethereum, the two largest cryptocurrencies, have rocketed higher this year. Bitcoin price has climbed over $30,000 this month, its highest level since last summer, even as U.S. regulators and lawmakers have been accused of creating a secret “alliance” to destroy crypto.

BTC/USD skyrocketed 1.0% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.0% in the last session. The ROC is giving a negative signal, going against our overall technical analysis. Support is at 29410.6667 and resistance at 31072.6667.

The ROC is currently in the negative zone.

ETH/USD skyrocketed 1.0% in the last session.

The Ethereum-Dollar pair rose 1.0% in the last session after gaining as much as 2.7% during the session. The RSI is giving a positive signal. Support is at 1778.7633 and resistance at 1914.6833.

The RSI is giving a positive signal.

XRP/USD exploded 2.2% in the last session.

The Ripple-Dollar pair gained 2.2% in the last session after rising as much as 2.6% during the session. The Williams indicator is giving a positive signal. Support is at 0.4303 and resistance at 0.5016.

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The Williams indicator is currently in the positive zone.

LTC/USD exploded 1.7% in the last session.

The Litecoin-Dollar pair exploded 1.7% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 77.8133 and resistance at 90.6733.

The Stochastic-RSI is currently in the negative zone.

Daily Economic Calendar:

UK Current Account

The Current Account measures the net flow of current transactions, including goods, services, and interest payments into and out of the local economy.  The UK’s Current Account will be released at 06:00 GMT, Japan’s Annualized Housing Starts at 05:00 GMT, and Germany’s Unemployment Rate at 07:55 GMT.

JP Annualized Housing Starts

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

DE Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.

US Personal Income

Personal Income measures the total income received by individuals from all sources, including wages and salaries, interest, dividends, rent, workers’ compensation, proprietors’ earnings, and transfer payments. The US Personal Income will be released at 12:30 GMT, the UK’s Gross Domestic Product at 06:00 GMT, the Eurozone’s Harmonized Index of Consumer Prices at 09:00 GMT.

UK Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

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).

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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.