BTC drops to three-week low, Crypto Daily TV 9/3/2023

In today’s Headline TV CryptoDaily News:

Parataxis capital is shaking off the crypto winter.

Parataxis Capital, a multi-strategy crypto investment firm rarely backed by a US 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 US Federal Reserve Chairman Jerome Powell’s aggressive testimony to Congress urged traders to price in a higher “closing price”.

Celsius allocates assets for withdrawals.

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

BTC/USD fell 0.9% in the last session.

During the last session, Bitcoin fell 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 signals an oversold market.

ETH/USD fell 0.7% in the last session.

Ethereum fell 0.7% against the dollar in the last session. The Williams indicator points to an oversold market. Support is at 1514.9967 and resistance at 1604.3167.

The Williams indicator points to an oversold market.

XRP/USD exploded by 2.9% in the last session.

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

The MACD is currently in the positive zone.

LTC/USD fell 3.7% in the last session.

The Litecoin-Dollar pair was down 3.7% in the last session. The negative signal from the RSI is consistent 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:

Continued jobless claims in the US

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

US Initial Unemployment Claims

The Initial Jobless Claims is a measure of the number of people applying for unemployment benefits for the first time.

FR Non-Farm Payrolls

The Nonfarm Payrolls shows the number of new jobs created in the past month, excluding the agricultural sector.

JP Total family expenses

Total household expenditure is an indicator that measures total household expenditure. The level of spending can be used as an indicator of consumer optimism. Japan’s Total Household Spending is released at 23:30 GMT, the Japanese Producer Price Index at 23:50 GMT and the UK’s RICS Housing Price Balance at 00:01 GMT.

JP producer price index

The producer price index measures the average price changes in primary markets by producers of raw materials in all processing states.

UK RICS House price balance sheet

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

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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