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Market news: The Romanian Prime Minister has vowed to remain in office regardless of the outcome of the party vote.A spokesperson for the European Commission stated that if the blockage in the Strait of Hormuz continues, the EU is prepared to take joint action on the issue of aviation fuel.On April 17th, it was reported that from April 15th to 16th, Li Yunze, Secretary of the Party Committee and Director of the State Financial Regulatory Commission, led a team to Guangdong Province for research. The team held discussions and exchanges on topics such as high-quality development of financial services, strengthening central-local government coordination, and promoting reform and risk mitigation. They also visited relevant enterprises and research institutions, and extended their regards to grassroots cadres and staff. In Foshan, Li Yunze conducted on-site research at new research institutions and intelligent factories, learning about the progress in key core technologies such as new display equipment and the development of major equipment, and toured digital and intelligent production lines. He emphasized that financial institutions should closely follow the direction of industrial development, strengthen full-cycle financial service guarantees, and continuously increase support for technological innovation, advanced manufacturing, and the transformation and upgrading of traditional industries.Tissa Party leader Majol: Oil flow through the Friendship Pipeline may resume next week.April 17th - The Rules consist of eighteen articles. The first article outlines the basis for the rules. Articles two through seven, the "Recognition" section, clarify the connotations and specific circumstances of "transfer of securities," "transfer of securities during a restricted transfer period," and "transfer of stocks that does not comply with laws, administrative regulations, and the regulations of the securities regulatory authority under the State Council" as stipulated in Article 186 of the Securities Law, as well as the identification of illegal entities acting in concert. Articles eight through seventeen, the "Discretionary" section, differentiates four types, sets different levels of discretion, and provides an enumeration of circumstances for adjusting penalties. It also provides suggestive provisions regarding concurrent penalties and the application of the most severe penalty, the circumstances for adjustment, and market bans.

BTC Fear & Greed Index Avoids Fear But Sends a Bearish Price Signal

Alice Wang

Mar 01, 2023 15:41

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Bitcoin (BTC) decreased by 1.53% on Tuesday. Bitcoin gained 0.03% to $23,142 at the month's conclusion after dropping 0.25% on Monday. Bitcoin fell shy of the $24,000 mark for the fourth day in a row following the negative session.


Bitcoin recovered from a turbulent morning to reach a late-afternoon peak of $23,615. Bitcoin fell to a late low of $23,066 after failing to surpass the First Significant Resistance Level (R1) at $23,885. Before finishing the day at $23,142, Bitcoin momentarily breached the First Significant Support Line (S1) at $23,125 to test support.


Fed anxiety and regulatory activity put Bitcoin on the defensive.


On Tuesday, investor confidence suffered from the NASDAQ Composite Index and the cryptocurrency news channels.


Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD).


Speculation that Visa (V) and Mastercard (MA) might rethink their plans for cryptocurrency was also unfavorable. Bitcoin usage continues to be a major price influencer. Growth and price movement in the cryptocurrency market would be greatly impacted by a change in Main Street trader opinion.


Nevertheless, despite dismal US economic data, Fed Anxiety persisted in dampening investor mood. The CB Consumer Sentiment Index dropped from 106.0 to 102.9 in February, and the property industry statistics were also unfavorable.


Despite the disappointing figures, the US labor market is extremely constrained and inflation is still tenacious, backing a more active interest rate track to bring inflation to goal.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. The NASDAQ mini was down 54.5 points this morning.


There will also be curiosity in the Day Ahead Business Indicators. 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, throughout the day, FOMC member conversation will also affect investor interest.


We anticipate that the bitcoin news networks will keep offering guidance. Buyers should keep an eye on the crypto news channels for discussions among US lawmakers and regulation developments. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.

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