Updates On BlackRock’s Spot BTC ETF, Crypto Daily TV 19/6/2023

Binance issues cease and desist notice to “Binance Nigeria Limited”

Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”.

Crypto exchange Binance avoids disaster in the US

Accused of fraud, the largest cryptocurrency exchange has reached an agreement with the U.S Securities and Exchange Commission which allows it to continue to operate for the time being in the United States.

BlackRock to launch BTC spot ETF

Bitcoin market sentiment showed a modest improvement late last week as news emerged that the world’s largest asset manager, BlackRock, had filed to launch a Bitcoin spot price exchange-traded fund. While still not allowed in the United States, a spot ETF from a stalwart entity such as BlackRock should have better chances of breaking the legal impasse.

BTC/USD saw a minor dip of 0.1% in the last session.

The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the Stochastic-RSI, we are in an overbought market. Support is at 25921.6667 and resistance at 27095.6667.

The Stochastic-RSI is signalling an overbought market.

The Ethereum-Dollar pair gained a moderate 0.1% in the last session.

The Ethereum-Dollar pair saw a minor rise of 0.1% in the last session. The Stochastic indicator is giving a positive signal. Support is at 1685.471 and resistance at 1785.351.

The Stochastic indicator is currently in positive territory.

XRP/USD exploded 2.3% in the last session.

The Ripple-Dollar pair exploded 2.3% in the last session. The RSI is giving a negative signal. Support is at 0.4617 and resistance at 0.4954.

The RSI is currently in negative territory.

LTC/USD gained 0.6% in the last session.

The last session saw Litecoin rise 0.6% against the Dollar. The MACD is giving a negative signal. Support is at 74.7567 and resistance at 78.8167.

The MACD is giving a negative signal.

Daily Economic Calendar:

US NAHB Housing Market Index

The NAHB Housing Market Index presents home sales and expected buildings in the future indicating housing market trends. The US NAHB Housing Market Index will be released at 14:00 GMT, the Portuguese Current Account Balance at 10:00 GMT, Germany’s German Buba Monthly Report at 10:00 GMT.

PT Current Account Balance

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.

DE Buba Monthly Report

The German Buba Monthly Report, released by the Deutsche Bundesbank, contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions.

HK Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Hong Kong’s Unemployment rate will be released at 08:30 GMT, Australia’s RBA Meeting Minutes at 01:30 GMT, the US Housing Starts at 12:30 GMT.

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.

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.

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.