June 7, 2023

In today’s TV CryptoDaily News headlines:


Binance and Mastercard to Launch Bitcoin Rewards Card in Argentina.

Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according to a press release.

Ethereum fundamentals shine at the bottom most likely, before the merger

With a more favorable macro backdrop, Ethereum appears to have bottomed out, solidified by the improved resilience of activity relative to the previous bear cycle and broadening use cases.

Despite the industry’s setbacks, Bitcoin maximalists see a bright future.

After frequent calls from news outlets worldwide that Bitcoin is “finished” due to the recent price decline, data shows that a dedicated core of maximalists is confident in the success of the world’s first decentralized internet currency as it stands out from various altcoins.

BTC/USD was down 1.5% in the last session.

The Bitcoin-Dollar pair closed up 1.5% in the last session. The negative signal of the Ultimate Oscillator is aligned with the overall technical analysis. Support is at 22098.8837 and resistance at 23984.1057.

The Final Oscillator is currently in negative territory.

ETH/USD was down 1.6% in the last session.

The Ethereum-Dollar pair fell 1.6% in the last session. ROC gives a negative signal. Support is at 1539.921 and resistance at 1721.341.

ROC is currently in negative territory.

The last period saw XRP down 0.8% against the USD.

The Ripple-Dollar pair fell 0.8% in the last session after gaining as much as 1.4% during the session. Stochastic-RSI gives a negative signal. Support is at 0.3559 and resistance at 0.3841.

Stochastic-RSI gives a negative signal.

LTC/USD jumped 1.8% in the last session.

The Litecoin-Dollar pair jumped 1.8% in the last session. MACD gives a negative signal. Support is at 54.7833 and resistance at 61.6033.

MACD is currently in the negative zone.

Daily Financial Calendar:

UK CFTC GBP NC net positions

The weekly Commitments of Traders (COT) report provides information on the size and direction of positions taken. The report focuses on profitable positions. UK CFTC GBP NC net positions will be announced at 19:30 GMT, US Average Hourly Earnings at 12:30 GMT and German Industrial Production at 06:00 GMT.

US Average Hourly Earnings

Average Hourly Earnings are an important indicator of labor cost inflation and labor market tightness.

Department of Industrial Production

“Industry” is a basic category of business activity. Changes in the volume of physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.

US Nonfarm Payroll

Non-Agricultural Payrolls shows the number of new jobs created in the previous month, excluding the agricultural sector. US Non-Farm Payrolls will be released at 12:30 GMT, Japan’s Leading Economic Index at 05:00 GMT and Japan’s Events Index at 05:00 GMT.

JP Leading Economic Index

The Leading Economic Indicator is an economic indicator that includes 12 indicators, such as accounts receivable ratios, machinery orders, stock prices and other leading economic indicators.

Compression ratio JP

The Coincidence Index released by the Cabinet is a single summary statistic that tracks the current state of the Japanese economy.

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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