Bitcoin miners are bullish, Crypto Daily TV 2/27/2023

In today’s TV headline CryptoDaily News:

The Solana validators will make a second restart attempt.

The Solana network deep freeze continued over the weekend as validators prepared a second reboot attempt that they hoped would restore services to blockchain users.

The IMF says banning cryptocurrencies should be an option.

The head of the International Monetary Fund said a group of 20 countries disagreed over debt restructuring for distressed economies, adding that banning private cryptocurrencies should be an option.

Bitcoin miners are on the rise.

BTC miners commit huge capital to scale operations despite uncertainty about profitability. Bitcoin miners are focused on operational efficiency and long-term BTC price growth by connecting more machines to the network.

BTC/USD exploded 1.7% in the last session.

The Bitcoin-Dollar pair was up 1.7% in the last session after gaining as much as 2.1% during the session. MACD gives a negative signal. Support is at 22657.6667 and resistance is at 23481.6667.

The MACD is currently in the negative zone.

ETH/USD exploded 2.9% in the last session.

The Ethereum-Dollar pair exploded 2.9% in the last session. Stochastic-RSI gives a positive signal. Support is at 1541.9067 and resistance is at 1634.9867.

Stochastic-RSI is currently in positive territory.

The Ripple-Dollar pair gained a moderate 0.2% in the last session.

The Ripple-Dollar pair saw a slight gain of 0.2% in the last session. Stochastic-RSI gives a negative signal. Support is at 0.3665 and resistance at 0.385.

Stochastic-RSI gives a negative signal.

LTC/USD exploded by 2.2% in the last session.

The Litecoin-Dollar pair soared 2.2% in the last session. ROC gives a positive signal. Support is at 89.5667 and resistance is at 95.2667.

The ROC is currently in the positive zone.

Daily economic calendar:

U.S. durable goods orders

Durable goods orders measure the cost of orders received by manufacturers for durable goods, i.e. goods that should last for three years or more, excluding the transport sector. US durable goods orders will be posted at 13:30 GMT, US non-defense capital goods orders at 13:30 GMT, Eurozone business climate at 10:00 GMT.

Procurement of non-defense capital goods

Nondefense Capital Goods Orders measures the cost of orders received by producers for capital goods, which are durable goods used to produce goods or services.

EMU business climate

The business climate indicator is based on monthly surveys and is designed to provide a clear and timely assessment of the local economy.

FI Consumer confidence

Confidence Consumer Confidence is a leading index measuring the level of consumer confidence in economic activity. Consumer confidence data in Finland will be released at 06:00 GMT, industrial production in Japan at 23:50 GMT, Japanese large retailer sales data at 23:50 GMT.

JP industrial production

Industry is the basic category of economic activity. Changes in the volume of physical production of domestic factories, mines and utilities are measured by the industrial production index.

Sales of large JP retailers

Large retailer sales include the total value of goods sold in large stores, convenience store chains and supermarkets. Indicates the level of consumption and consumer confidence.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *