BTC At 20% Off On Binance Australia, Crypto Daily TV 31/5/2023

Bitcoin was trading 20% lower on Binance Australia

Bitcoin was trading at about 20% discount on Binance’s Australia arm, compared with rival exchanges. This comes after Binance Australia halted Australian dollar bank transfers earlier this month, citing its third-party payment service provider as the issue and said that it’s working to find an alternative

Bali plans to deport and punish tourists that pay with crypto

Bali’s provincial government declared that any foreigners using  cryptocurrency instead of the Indonesian rupiah would be met with harsh punishment. The Bank of Indonesia tolerates crypto but has explicitly prohibited it as a payment method since 2017.

Bybit will be exiting Canada

Bybit has announced that it will be exiting the Canadian market starting as soon as today due to recent regulatory developments in the country, adding to several other exchanges that pulled out from the country.

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

The Bitcoin-Dollar pair gained 0.1% in the last session after rising as much as 1.0% during the session. The RSI is giving a positive signal, which matches our overall technical analysis. Support is at 270541 and resistance is at 288221.

The RSI is currently in positive territory.

ETH/USD gained 0.6% in the last session.

The Ethereum-Dollar pair gained 0.6% in the last session after rising as much as 1.2% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 1851.5167 and resistance is at 1946.2167.

The Ultimate Oscillator is currently in the positive zone.

XRP/USD exploded 5.9% in the last session.

The Ripple-Dollar pair skyrocketed 5.9% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 0.4695 and resistance is at 0.5074.

The Stochastic-RSI points to an overbought market.

LTC/USD skyrocketed 1.2% in the last session.

The Litecoin-Dollar pair exploded 1.2% in the last session. The ROC’s negative signal contradicts our overall technical analysis. Support is at 89.1533 and resistance is at 93.0133.

The ROC is giving a negative signal.

Daily Economic Calendar:

DE Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Germany’s Unemployment Rate will be released at 07:55 GMT, Australia’s Construction Work Done at 01:30 GMT, and the US Fed’s Beige Book at 18:00 GMT.

AU Construction Work Done

The Construction Work Done measures the amount of construction work done in the last month. It is a key indicator of the Australian construction sector.

US Fed’s Beige Book

The Beige Book reports on the current economic situation using interviews with key business contacts, economists, market experts, and other sources.

JP Annualized Housing Starts

The Annualized Housing Starts captures how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market. Japan’s Annualized Housing Starts will be released at 05:00 GMT, the US Chicago Purchasing Managers’ Index at 13:45 GMT, and Germany’s Unemployment Change at 07:55 GMT.

US Chicago PMI

The Chicago Purchasing Managers Index released by ISM-Chicago captures the business conditions across Illinois, Indiana, and Michigan.

DE Unemployment Change

The Unemployment Change measures the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.

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.