BTC Drops Below $30000, Crypto Daily TV 18/4/2023

In Todays Headline TV CryptoDaily News:

BoE considers limits on stablecoin payments

The Bank of England will consider whether to put limits on stablecoins used for payments in new rules for the sector, Deputy Governor Jon Cunliffe said in a speech.

Crypto lender Amber Group considers selling Japan unit

Crypto lender Amber Group is considering selling its Japan unit as part of a plan to focus more on institutional than retail customers, managing partner Annabelle Huang said. In recent months, major cryptocurrency exchanges Coinbase and Kraken both ceased operations in the country, citing “market conditions.”

Bitcoin sinks below $30K amid dollar jump

Bitcoin’s rally above $30,000 has stalled – at least temporarily. The largest cryptocurrency by market capitalization was recently trading at around $29,500.

BTC/USD plummeted 2.7% in the last session.

The Bitcoin-Dollar pair plummeted 2.7% in the last session. The ROC is giving a negative signal. Support is at 29886.3333 and resistance at 30758.3333.

The ROC is currently in negative territory.

ETH/USD dove 1.9% in the last session.

The Ethereum-Dollar pair dove 1.9% in the last session. According to the CCI, we are in an overbought market. Support is at 2045.7067 and resistance at 2174.4867.

The CCI points to an overbought market.

XRP/USD dove 1.8% in the last session.

The Ripple-Dollar pair dove 1.8% in the last session. The ROC is giving a positive signal. Support is at 0.5116 and resistance at 0.5288.

The ROC is currently in positive territory.

LTC/USD plummeted 1.5% in the last session.

The Litecoin-Dollar pair dove 1.5% in the last session. The Williams indicator is giving a negative signal, going against our overall technical analysis. Support is at 92.1167 and resistance at 105.9967.

The Williams indicator gives a negative signal.

Daily Economic Calendar:

UK ILO Unemployment Rate

The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. The UK’s ILO Unemployment Rate will be released at 06:00 GMT, the US Redbook Index at 12:55 GMT, and the US Housing Starts at 12:30 GMT.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

US Housing Starts

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

AU RBA Meeting Minutes

The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Australia’s RBA Meeting Minutes will be released at 01:30 GMT, the Eurozone’s ZEW Survey – Economic Sentiment at 09:00 GMT, and the UK’s Claimant Count Change at 06:00 GMT.

EMU ZEW Survey – Economic Sentiment

The ZEW Survey – Economic Sentiment measures institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic.

UK Claimant Count Change

The Claimant Count Change presents the change in the number of unemployed people in the UK.

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.