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According to Israels Channel 12: Security agencies are preparing for a possible decision by Trump to take military action against Iran in the coming days.According to Israels Channel 12: Israel is closely monitoring the draft agreement between the United States and Iran, fearing that Tehran may receive sanctions relief without resolving the nuclear issue.According to Israels Channel 12: The Israeli military has declared a state of high alert in order to prevent a possible escalation of tensions with Iran.May 23 - Reuters, citing an internal document, reported that 27 countries have activated their domestic crisis response mechanisms to apply for World Bank funding to address the global economic impact of the conflict in Iran. The World Bank document did not list specific countries or the total amount of funding potentially requested, but officials in Kenya and Iraq confirmed they are seeking rapid financial support from the World Bank to address the effects of the conflict, such as soaring fuel prices and a sharp drop in oil revenues.On May 23, it was reported that India, the worlds third-largest consumer of liquefied petroleum gas (LPG), is currently facing an LPG supply gap of approximately 400,000 barrels per day (compared to pre-war levels), with domestic production unable to compensate for the decline in imports caused by the war with Iran. Data from energy data analytics firm Kpler shows that Indias LPG imports in April were 377,620 barrels per day, less than half of the 851,870 barrels per day imported in February. In April, Indias domestic production increased to 530,000 barrels per day, an increase of approximately 75,000 barrels per day from the previous month. Sumit Ritolia, chief refining and supply analyst at Kpler, stated that the situation is more serious because Indias domestic LPG production is nearing full capacity, meaning that the supply gap could persist as long as imports do not fully recover. A black market seller stated, "Due to soaring costs, we noticed a slight slowdown in customer demand in April. But people have no choice, as switching to other fuels is not easy."

BTC Fear & Greed Index Falls Deeper into the Extreme Fear Zone

Lorna Divakar

Sep 27, 2022 16:20

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Bitcoin (BTC) increased by 2.22% on Monday. BTC finished the day at $19,235, reversing a 0.62% loss from the previous day. BTC completed the day at $19,000 for the first time in three sessions, while it dropped short of $20,000 for the eighth session in a row.


BTC experienced a negative morning, falling to a mid-morning low of $18,694 before changing direction. BTC soared to a late high of $19,333 before easing back, avoiding the First Major Support Level (S1) at $18,579 in the process. To close the day at $19,235, BTC crossed over the First Major Resistance Level (R1) at $19,121.


The crypto news wires were silent once again because there were no relevant crypto happenings. Despite the absence of direction, BTC and the larger market kept separating from the NASDAQ 100. While the market capitalization of cryptocurrencies grew by 1.94% ($17.2 billion) on Monday, the NASDAQ 100 dipped by 0.60%.


Dollar dominance and increased market volatility have probably had a role in the rise in demand for crypto assets. The NASDAQ 100 Mini was up 78.75 points this morning.

The Bitcoin Fear & Greed Index Remains Above 20/100

The Fear & Greed Index decreased from 21 to 20 today. Despite having a positive session and finishing the day at $19,000 for the first time in three sessions, BTC fell.


The anxiety of investors regarding the Fed and the economy is undoubtedly a factor in today's loss, and riskier assets other than cryptocurrencies continue to have an impact on investor mood. The Index did not fall below 20, though, indicating investor resiliency. For the Index to challenge BTC at $25,000, an upward trend would be necessary.


Avoiding sub-20/100 has been the objective in recent weeks. The bears will be looking for a drop to below $20/100 to indicate a BTC decline to below $18,000. The bulls, on the other hand, are anticipating a surge toward $25,000 supported by an Index rebound to 40/100.


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