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[Search and rescue team arrives at the area near the Iranian Presidents helicopter accident] According to the Iranian official news agency, about an hour after the rescuers were informed that "the Iranian President Raisi teams helicopter had an accident", the rescue team arrived at the relevant location and began searching. Iran has currently sent 20 rescue teams and drones to the accident area, but due to the inconvenient transportation, complex terrain and foggy weather in the area, the search and rescue operation will take time.According to Irans Press TV: Rescue teams have arrived at the area where the Iranian presidents helicopter made a hard landing.Market News: The container ship that crashed into the Francis Scott Key Bridge in Baltimore will be moved to a nearby dock on Monday.According to the Financial Times: European private equity group EQT is in advanced talks to buy Irish video game services company Keywords Studios for £2.2 billion, the latest potential acquisition of a London-listed company.[Lebanon says fires broke out in many places in southern Lebanon after being attacked by Israeli army] On May 19, local time, according to the Lebanese National News Agency, Bint Jubail, Aaron, Mes Jabal, Wazzani, Hula and other places in southern Lebanon were attacked by Israeli white phosphorus bombs or artillery shells that day. The attack caused many fires in the above villages and towns. It is reported that the fire in Mes Jabal town is approaching the town hospital and residential houses.

Crypto Daily Market Highlights: Regulatory Risk and Fed Fear Weigh

Cory Russell

Mar 01, 2023 15:22

The top ten cryptocurrency index had a negative afternoon on Tuesday. The top ten entered the red with ADA's help. Bitcoin fell below $24,000 for the fourth straight session during the negative session.


Even though February's consumer confidence figures were lower than anticipated, US economic measures came up short. From 106.0 to 102.9, the CB Consumer Sentiment Index decreased.


With the S&P/CS HPI Index - 20 n.s.a increasing by 4.6% year over year in December, housing industry statistics also sent a negative indication. November saw a 6.8% increase in the Index. High US mortgage rates had an impact on demand, which slowed the increase in home prices.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. Investor mood was still being affected by the possibility of a higher for extended Fed interest rate trend. The NASDAQ mini was down 36.25 points this morning.


News about the cryptocurrency market, however, heightened the pessimism. Regulation action kept grabbing people's interest. Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD). Moreover, there were reports that Visa (V) and Mastercard (MA) would rethink their plans for cryptocurrency.


The Day Ahead Buyers should keep an eye on the cryptocurrency news channels for any regulation developments and US lawmakers' conversations. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.


Interest in economic signs will also be high. Prior to the US session, China's private sector PMIs will have an impact. We anticipate that China's poor economic data will rekindle recessionary worries and test investors' desire for risky assets.


The NASDAQ Composite Index and US economic data will have an impact on the midday session. The February US industrial PMI figures will be closely watched. It would be negative if the ISM Manufacturing PMI unexpectedly dropped. However, buyers should also keep an eye on the FOMC members' daily conversations.


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