BTC Falls To Three-Week Low, Crypto Daily TV 9/3/2023

BTC Falls To Three-Week Low, Crypto Daily TV 9/3/2023

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In Todays Headline TV CryptoDaily News:

Parataxis capital shakes off crypto winter.

Parataxis Capital, a multi-strategy crypto investment firm that has rare backing from a U.S. pension fund system, is launching a new fund with a long/short relative value trading strategy and $25 million to $50 million in initial committed capital, CEO Edward Chin confirmed.

Bitcoin slides.

Bitcoin fell to a three-week low as U.S. Federal Reserve Chairman Jerome Powell's hawkish testimony to Congress spurred traders to price in a higher "terminal rate."

Celsius allocates assets for withdrawals.

Crypto lender Celsius Network, which is currently operating under bankruptcy protection, has established a crypto wallet with $25 million of digital assets for Celsius’ custodial account holders to withdraw, blockchain intelligence firm Arkham Intelligence said in a report.

BTC/USD dropped 0.9% in the last session.

The last session saw the Bitcoin drop 0.9% against the Dollar. The Stochastic-RSI indicates an oversold market. Support is at 21657.6667 and resistance at 22827.6667.

The Stochastic-RSI is signalling an oversold market.

ETH/USD fell 0.7% in the last session.

Ethereum dropped 0.7% against the Dollar in the last session. The Williams indicator indicates an oversold market. Support is at 1514.9967 and resistance at 1604.3167.

The Williams indicator points to an oversold market.

XRP/USD exploded 2.9% in the last session.

The Ripple-Dollar pair exploded 2.9% in the last session. The MACD is giving a positive signal. Support is at 0.3597 and resistance at 0.3947.

The MACD is currently in the positive zone.

LTC/USD plummeted 3.7% in the last session.

The Litecoin-Dollar pair plummeted 3.7% in the last session. The RSI's negative signal is in line with the overall technical analysis. Support is at 81.9367 and resistance at 91.1167.

The RSI is currently in negative territory.

Daily Economic Calendar:

US Continuing Jobless Claims

The Counting Jobless Claims measure the number of individuals who are unemployed and are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 13:30 GMT, the US Initial Jobless Claims at 13:30 GMT, the French Nonfarm Payrolls at 06:30 GMT.

US Initial Jobless Claims

The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. 

FR Nonfarm Payrolls

The Nonfarm Payrolls presents the number of new jobs created during the previous month excluding the agricultural sector.

JP Overall Household Spending

The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. Japan's Overall Household Spending will be released at 23:30 GMT, Japan's Producer Price Index at 23:50 GMT, the UK's RICS Housing Price Balance at 00:01 GMT.

JP Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing.

UK RICS Housing Price Balance

The RICS Housing Price Balance survey presents housing costs. It shows the strength 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.

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