Daily BTC Transactions Hit ATH, Crypto Daily TV 24/5/2023

Daily bitcoin transactions hit an all-time high

Things are heating up on the Bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017.

Crypto exchange OKX sets up shop in Paris

Crypto exchange OKX has applied for regulatory approval in France and plans to build out its European hub in Paris, making it the latest overseas crypto firm to pick the French capital as its base on the continent.

EU banks could access stablecoins more easily

The European Commission wants to make it easier for commercial lenders to hold stablecoins and tokenized assets after lawmakers pushed to discourage crypto holdings as part of a wider banking reform.

BTC/USD skyrocketed 1.2% in the last session.

The Bitcoin-Dollar pair exploded 1.2% in the last session. The MACD is giving a positive signal. Support is at 263051 and resistance is at 273831.

The MACD is giving a positive signal.

ETH/USD skyrocketed 1.9% in the last session.

The Ethereum-Dollar pair exploded 1.9% in the last session. According to the CCI, we are in an overbought market. Support is at 1777.2567 and resistance is at 1847.3167.

The CCI points to an overbought market.

XRP/USD gained 0.3% in the last session.

The Ripple-Dollar pair rose 0.3% in the last session after gaining as much as 1.2% during the session. The ROC gives a positive signal. Support is at 0.4428 and resistance is at 0.4767.

The ROC is currently in positive territory.

LTC/USD traded sideways in the last session.

The Litecoin-Dollar pair traded sideways in the last session. The Williams indicator is giving a negative signal. Support is at 88.3167 and resistance is at 94.0567.

The Williams indicator is currently in the negative zone.

Daily Economic Calendar:

DE IFO – Current Assessment

The IFO Current Assessment is regarded as an indicator of current conditions and business expectations in Germany. The Institute surveys enterprises on their assessment of the current business situation and their short-term planning. Germany’s IFO – Current Assessment will be released at 08:00 GMT, Japan’s Foreign Bond Investment at 23:50 GMT, and the UK’s Consumer Price Index at 06:00 GMT.

JP Foreign Bond Investment

Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

UK Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy. The UK’s Core Consumer Price Index will be released at 06:00 GMT, the US MBA Mortgage Applications at 11:00 GMT, and the US EIA Crude Oil Stocks Change at 14:30 GMT.

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered a leading indicator of the U.S Housing Market.

US EIA Crude Oil Stocks Change

The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, released by the Energy Information Administration.

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.