admin • Bitcoin price breaks $26K as US Labor releases CPI data.
• Cryptocurrencies rally, UK bank NatWest limits daily crypto payments.
• BTC/USD, ETH/USD, XRP/USD and LTC/USD all saw upticks in the last session.
Bitcoin Price Breaks $26K
The price of Bitcoin saw a sharp uptick over $26,000 as the United States Department of Labor released the latest Consumer Price Index data for February 2023. Cryptocurrencies rallied on the news with investors betting that the Fed will be less aggressive in raising interest rates now that authorities have stepped in to limit the fallout from Signature Bank and SVB.
UK Bank NatWest Limits Daily Crypto Payments
NatWest has joined other U.K. banks by imposing restrictions on its customers making payments to cryptocurrency exchanges. Customers will be limited to payments of 1,000 British pounds per day and 5,000 British pounds over a 30-day period.
BTC/USD Explodes 1.1% In Last Session
The Bitcoin-Dollar pair exploded 1.1% in the last session according to Stochastic-RSI which points to an overbought market with support at 208771 and resistance at 262151.
ETH/USD Skyrockets 1.1% In Last Session
The Ethereum-Dollar pair skyrocketed 1.1% in the last session after positive signals from RSI with support at 1518.8967 and resistance at 1767.4367 currently being in a positive zone..
XRP/USD Sees Minor Dip Of 0.2%, LTC/USD Skyrockets 1.1%
The Ripple-Dollar pair dropped 0 . 2 % i n t h e l a s t s e s s i o n w h i l e t h e Litecoin-Dollar pair exploded 1 . 1 % . F o r XRP , t h e R O C i s g i v i n g a p o s i t i v e signal with support at 0 . 3 4 5 9 a n d resistance at 0 . 3 9 3 1 , while for LTC , t h e CCI is giving a positive signal with support at 71 . 3 5 3 3 a n d resistance at 87 . 9 7 3 3 .