Bitcoin Dominance Surges to 50%, Crypto Daily TV 12/6/2023

In Today’s Headlines TV CryptoDaily News:

SEC lawsuits spur huge deposits from main exchanges

The U.S. Securities and Exchange Commission lawsuits against Binance, Binance.US and Coinbase have spurred the exodus of some $4 billion of deposits from the crypto exchange giants, according to blockchain data.

Crypto.com Arena will retain its name despite corporate shuffling

Crypto.com is shutting down a portion of its business, but its name will remain on the downtown Los Angeles arena that is home to the Lakers, Clippers, Kings and Sparks. Crypto.com said it is closing its institutional exchange in the US.

Bitcoin dominance surges to 50%

Bitcoin’s dominance rate or share in the total crypto market capitalization rose during the weekend, nearing the 50% mark for the first time since April 2021. The uptick came as many altcoins suffered double-digit losses.

BTC/USD exploded 1.0% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.0% in the last session. The ROC is giving a negative signal. Support is at 24876.6667, and Resistance is at 27052.6667.

The ROC is currently in the negative zone.

ETH/USD exploded by 1.1% in the last session. 

The Ethereum-Dollar pair skyrocketed 1.1% in the last session. The Williams indicator is giving a positive signal. Support is at 1646.591, and Resistance is at 1896.611.

The Williams indicator is currently in the positive zone.

XRP/USD skyrocketed 3.5% in the last session. 

The Ripple-Dollar pair exploded 3.5% in the last session. The ROC is giving a positive signal. Support is at 0.4437, and Resistance is at 0.5702.

The ROC is currently in the positive zone.

LTC/USD exploded by 1.5% in the last session.

The Litecoin-Dollar pair exploded 1.5% in the last session. The Ultimate Oscillator’s negative signal is in line with the overall technical analysis. Support is at 65.9833, and Resistance is at 94.9233.

The Ultimate Oscillator is currently in the negative zone.

Daily Economic Calendar:

US Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

The US Consumer Price Index will be released at 12:30 GMT, the US Consumer Price Index Core at 12:30 GMT, the Eurozone’s ZEW Survey – Economic Sentiment at 09:00 GMT.

US Consumer Price Index Core

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

EMU ZEW Survey – Economic Sentiment

The ZEW Survey – Economic Sentiment measures institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic.

DE ZEW Survey – Current Situation

The ZEW Survey – Current Situation measures the current institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and pessimistic.

Germany’s ZEW Survey – Current Situation will be released at 09:00 GMT, the UK’s Claimant Count Change at 06:00 GMT, and the UK’s ILO Unemployment Rate at 06:00 GMT.

UK Claimant Count Change

The Claimant Count Change presents the change in the number of unemployed people in the UK.

UK ILO Unemployment Rate

The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labour force.

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.