Bitcoin Miners Are Bullish, Crypto Daily TV 02/27/2023

In today’s headline from CryptoDaily News TV:

Solana validators must make a second restart attempt.

The deep freeze of the Solana network continued through the weekend as validators prepared a second restart attempt that they hoped would restore service to blockchain users.

IMF says banning crypto should be an option.

The group of 20 nations has some disagreements over debt restructuring for struggling economies, the head of the International Monetary Fund said, adding that a ban on private cryptocurrencies should be an option.

Bullish Bitcoin Miners.

BTC miners are deploying huge capital to scale operations despite the uncertainty of profitability. Bitcoin miners are optimistic about the operational efficiency and long-term rise in BTC price, connecting more machines to the network.

BTC/USD has exploded by 1.7% in the last session.

The Bitcoin-Dollar pair is up 1.7% in the last session after gaining as much as 2.1% during the session. The MACD is giving a negative signal. Support is at 22657.6667 and resistance at 23481.6667.

The MACD is currently in the negative zone.

ETH/USD has exploded by 2.9% in the last session.

The Ethereum-Dollar pair exploded by 2.9% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 1541.9067 and resistance at 1634.9867.

The Stochastic-RSI is currently in positive territory.

The Ripple-Dollar pair gained a moderate 0.2% in the last session.

The Ripple-Dollar pair saw a small increase of 0.2% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 0.3665 and resistance at 0.385.

The Stochastic-RSI is giving a negative signal.

LTC/USD has exploded by 2.2% in the last session.

The Litecoin-Dollar pair surged 2.2% in the last session. The ROC is giving a thumbs up. Support is at 89.5667 and resistance at 95.2667.

The ROC is currently in the positive zone.

Daily Economic Calendar:

US durable goods orders

Durable Goods Orders measure the cost of orders received by manufacturers of durable goods, which means goods that are expected to last three years or more, excluding the transportation sector. US durable goods orders will be released at 13:30 GMT, US non-defense capital goods orders at 13:30 GMT, Eurozone business climate at 10:00 GMT.

Non-Defense US Capital Goods Orders

Nondefense Capital Goods Orders measure the cost of orders placed by manufacturers for capital goods, which are durable goods used in the production of goods or services.

EMU Business Climate

The Business Climate indicator is based on monthly surveys and is designed to provide a clear and timely assessment of the cyclical state of the local economy.

FI Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. Finnish Consumer Confidence will be released at 06:00 GMT, Japan Industrial Production at 23:50 GMT, Japan Large Retailer Sales at 23:50 GMT.

JP Industrial Production

Industry is a basic category of business activity. Changes in the volume of physical output of the country’s factories, mines, and utilities are measured by the industrial production index.

JP Large Retailers

Large Retailer Sales captures the total value of merchandise sold in large stores, convenience store chains, and supermarkets. Indicates the level of consumption and consumer confidence.

Disclaimer: This article is provided for informational purposes only. It is not offered nor is it intended to be used as legal, tax, investment, financial or other advice.

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