US President Candidates Embrace BTC, Crypto Daily TV 22/5/2023

In Todays Headline TV CryptoDaily News:

Another US presidential candidate to accept donations in BTC

In a groundbreaking move, Vivek Ramaswamy has become the second US presidential candidate to officially accept Bitcoin donations for the upcoming 2024 elections, just two days after Robert F. Kennedy Jr. made history as the first candidate to accept campaign contributions in Bitcoin.

Another slow week for crypto

The prices of Bitcoin and Ethereum remained flat for the third week running as the United States Securities and Exchange Commission showed no signs of conceding ground over its claim to being the industry’s lead regulator. 

CB looks to curb inflation

Bitcoin continued to hold below $27,000 as U.S. Federal Reserve Chair Jerome Powell said stress in the banking sector might allow the central bank to ease back on rate hikes as it looks to curb hot inflation.

BTC/USD dove 1.3% in the last session.

The Bitcoin-Dollar pair plummeted 1.3% in the last session. The Stochastic-RSI gives a positive signal. Support is at 26747.3333 and resistance is at 27357.3333.

The Stochastic-RSI is giving a positive signal.

ETH/USD plummeted 1.0% in the last session.

The Ethereum-Dollar pair dove 1.0% in the last session. The Stochastic indicator gives a positive signal. Support is at 1797.2733 and resistance is at 1839.2333.

The Stochastic indicator is currently in the positive zone.

XRP/USD plummeted 2.2% in the last session.

The Ripple-Dollar pair plummeted 2.2% in the last session. The MACD is giving a positive signal. Support is at 0.4576 and resistance is at 0.4772.

The MACD is currently in positive territory.

LTC fell 0.9% against USD in the last session.

The Litecoin-Dollar pair dropped 0.9% in the last session. The RSI’s positive signal is in line with the overall technical analysis. Support is at 89.8433 and resistance is at 94.0433.

The RSI is giving a positive signal.

Daily Economic Calendar:

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. The US 3-Month Bill Auction will be released at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT, and the Eurozone’s Consumer Confidence at 14:00 GMT.

US 6-Month Bill Auction

The auction sets the average yield on the bills auctioned by the US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.

EMU Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

NL Consumer Confidence Adj

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer sentiment is bullish for the overall economy. The Dutch Consumer Confidence Adj will be released at 04:30 GMT, the Eurozone’s Construction Output at 09:00 GMT, and the UK’s Rightmove House Price Index at 23:01 GMT.

EMU Construction Output

The Construction Output report captures the output of the construction industry in both the private and public sectors.

UK Rightmove House Price Index

The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK 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.