March 4, 2024


In today’s headline TV CryptoDaily news:

ETH balances on exchanges drop to all-time lows

Ethereum’s on-chain movements suggest that bullish pressure is building around Ether as its transaction balance hits an all-time low while collateralized deposits continue to soar. Ethereum’s technical charts suggest that the asset could reclaim $3,000 if buyers can break through resistance between $1,900 and $2,000.

Coinbase Loses ETH Staking Market Share

Cryptocurrency exchange Coinbase has lost market share in the booming ethereum staking business amid mounting pressure from U.S. regulators on its staking service. The exchange’s share of ETH staking slipped to 9.7%, the lowest level since May 2021.

Binance Forced to Stop Offering Crypto Services in Belgium

Binance is suspending services in Belgium for allegedly violating the law by serving Belgian customers in countries outside the European Economic Area.

In the previous session, BTC was down 0.4% against the dollar.

Bitcoin was down 0.4% against the dollar after rising 1.6% in the previous session. MACD is giving a positive signal. The support level is at 30030.6667 and the resistance level is at 31082.6667.

MACD is giving a positive signal.

ETH/USD surged 1.0% in the previous session.

Ethereum was up 1.0% against the dollar in the previous session, after the pair rose as much as 2.8%. CCI indicates that the market is overbought. The support level is at 1843.3667 and the resistance level is at 1919.7667.

CCI sends a signal that the market is overbought.

XRP/USD rose 0.9% in the previous session.

Ripple rose 0.9% against the dollar in the previous session. The Ultimate Oscillator is sending positive signals. Support is at 0.4708 and resistance is at 0.504.

The Ultimate Oscillator is sending positive signals.

LTC/USD plunged 2.9% in the previous session.

Litecoin was down 2.9% against the dollar in the previous session. Stochastic is sending a positive signal. Support is at 83.0167 and resistance is at 97.0367.

Stochastic is sending a positive signal.

Daily Economic Calendar:

Dallas Fed Manufacturing Business Index

The Dallas Fed conducts a monthly survey of the Texas manufacturing outlook for a timely assessment of factory activity in the state. US Dallas Fed manufacturing business index at 14:30GMT, US 3M bill auction at 15:30GMT, German IFO – business climate at GMT Published at 08:00.

US 3-Month Note Auction

Treasury bills are short-term securities with maturities of one year or less. The note yield represents the return an investor will receive by holding the bond to maturity.

DE IFO – Business Environment

The IFO business climate index is seen as an early indicator of current conditions and business expectations. The institute conducts surveys on firms’ assessment of the economic situation.

DE IFO – Current Evaluation

The IFO current assessment is seen as an indicator of current conditions and business expectations in Germany. The institute surveys companies to understand their assessment of current operating conditions and short-term plans. Germany’s IFO – current assessment is due at 08:00GMT, Japan Coincidence Index is at 05:00GMT and Japan Leading Economic Index is at 05:00GMT.

JP Concordance Index

The Coincidence Index, published by the Cabinet Office, is a single aggregated statistic that tracks the current state of the Japanese economy.

JP Leading Economic Index

The leading economic index is an economic index composed of 12 leading economic indicators such as account inventory ratio, machinery orders, and stock prices.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.