USDT Market Share Increasing, Crypto Daily TV 7/3/2023

In today’s Headline TV CryptoDaily News:

USDT stablecoin market share rises to highest in 15 months.

Tether’s USDT’s dominance is rising among stablecoins amid an ongoing shake-up of the $136 billion stablecoin market. USDT’s market share among stablecoins surpassed 54%, making it the largest market share Tether’s stablecoin has achieved since the end of November 2021.

Internal documents reveal Australia’s potential timeline for crypto legislation.

Australia’s crypto legislation could be extended past 2024 and beyond, with the government seemingly wanting to take its time to get a full picture of the industry, internal government documents show.

TeraWulf starts nuclear-powered Bitcoin mining.

TeraWulf has started operations at its Nautilus Cryptomine facility – the first nuclear-powered bitcoin mining facility in the US – with nearly 8,000 mining rigs online representing a computing power or hashrate of approximately 1.0 exahash per second.

BTC/USD was trading sideways during the last session.

The Bitcoin-Dollar pair was trading sideways in the last session. According to the Stochastic RSI, we are in an oversold market. Support is at 22010.3333 and resistance at 22860.3333.

The Stochastic RSI points to an oversold market.

ETH/USD saw a small gain of 0.2% during the last session.

The Ethereum-Dollar pair was up 0.2% in the last session after gaining as much as 1.0% during the session. The MACD gives a negative signal. Support is at 1538.6067 and resistance at 1600.8667.

The MACD is currently in the negative zone.

XRP/USD exploded by 1.2% in the last session.

The Ripple-Dollar pair shot up 1.2% in the last session. The Williams indicator gives a positive signal. Support is at 0.358 and resistance at 0.3816.

The Williams indicator is currently in the positive zone.

LTC/USD plunged 2.4% in the last session.

The Litecoin-Dollar pair plunged 2.4% in the last session. The stochastic indicator gives a positive signal. Support is at 87.7433 and resistance at 92.8233.

The Stochastic indicator gives a positive signal.

Daily economic calendar:

US 3-year bond auction

The bill auction determines the yield on the bills auctioned by the U.S. Treasury Department. The yield on the bonds represents the return an investor will receive by holding the bond to maturity. The US 3-Year Note Auction is released at 18:00 GMT, the US Redbook Index at 13:55 GMT and the Australian RBA Interest Rate Decision at 03:30 GMT.

US Redbook Index

The Johnson Redbook Index measures year-over-year growth in same-store sales based on a sample of major general goods retailers.

AU RBA Interest Rate Decision

The RBA rate decision is announced by the Reserve Bank of Australia. Interest rates are an important mechanism by which the central bank influences inflation.

JP Trade balance

The trade balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. The Japanese Trade Balance is released at 23:50 GMT, the UK BRC Like-For-Like Retail Sales at 00:01 GMT and the German Factory Orders at 07:00 GMT.

UK BRC Like-For-Like Retail Sales

The British Retail Consortium Like-For-Like Retail Sales measures changes in the true value of participating companies’ retail sales with invaluable management information on a regular and reliable basis.

THE Factory Orders

Factory orders are a measure of total orders of durable and non-durable goods that can provide insight into inflation and growth in the manufacturing sector.

Disclaimer: This article is 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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