February 4, 2023

In today’s Headline TV CryptoDaily News:

Bitcoin mining difficulty drops by more than 7%.

The difficulty of mining a bitcoin block dropped 7.32%, the most since July 2021, with miners shutting down machines as a relentless bear market eats up profits.

Rep. Madison Cawthorn Ordered To Pay $14,000 After Breaking Rules Over ‘Meme’ Crypto

The House Ethics Committee found that the outgoing congressman profited financially from a cryptocurrency he promoted and violated conflict of interest rules.

East African Bitcoin miner Gridless raises $2M seed round.

Gridless, a bitcoin mining company that helps generate new energy resources in rural East African communities, has secured a $2 million investment round led by Stillmark and Jack Dorsey, co-founder of the payments company Block, the company announced.

The Bitcoin-Dollar pair gained a moderate 0.1% during the last session.

The Bitcoin-Dollar pair made a minor upward correction in the last session, gaining 0.1%. The CCI gives a negative signal. Support is at 16559.3333 and resistance at 17627.3333.

The CCI is currently in the negative zone.

ETH fell 0.3% against the USD during the last session.

During the last session, Ethereum fell 0.3% against the dollar. The stochastic indicator gives a negative signal. Support is at 1215.5267 and resistance at 1325.8467.

The stochastic indicator is currently in negative territory.

The Ripple-Dollar pair gained a moderate 0.1% in the last session.

The Ripple-Dollar pair made a minor upward correction in the last session, rising 0.1%. The MACD gives a positive signal. Support is at 0.3731 and resistance at 0.4032.

The MACD gives a positive signal.

LTC/USD fell 1.7% in the last session.

The Litecoin-Dollar pair fell 1.7% in the last session. The Williams indicator is giving a negative signal. Support is at 73,221 and resistance at 87,461.

The Williams indicator is giving a negative signal.

Daily economic calendar:

FR input

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or donations) from non-residents to residents. French imports are released at 07:45 GMT, Japan’s current account at 23:50 GMT, and US unit labor at 13:30 GMT.

JP current account

The current account measures the net flow of current transactions, including goods, services and interest payments in and out of the local economy.

US unit labor costs

Unit labor costs represent the total cost of employing a labor force. It can serve as an indicator of trends in production costs, share prices and inflation.

US MBA Mortgage Applications

The MBA mortgage applications released by the Mortgage Bankers Association present various mortgage applications. It is considered a leading indicator of the US housing market. US MBA mortgage applications are released at 12:00 GMT, Australia’s gross domestic product at 00:30 GMT, and Japan’s gross domestic product at 23:50 GMT.

AU gross domestic product

Gross domestic product is a measure of the total value of all goods and services produced by a country. GDP is considered a broad measure of economic activity and health.

JP Gross Domestic Product

Gross domestic product is a measure of the total value of all goods and services produced by a country. GDP is considered a broad measure of economic activity and health.

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

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